GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Sees Significant Growth in Short Interest

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 80,614 shares, a growth of 728.6% from the August 31st total of 9,729 shares. Currently, 11.0% of the company’s stock are sold short. Based on an average daily volume of 353,460 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On GraniteShares 2x Short COIN Daily ETF

Several large investors have recently bought and sold shares of the stock. Group One Trading LLC grew its position in GraniteShares 2x Short COIN Daily ETF by 1,422.5% in the 1st quarter. Group One Trading LLC now owns 609 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares in the last quarter. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 1st quarter worth approximately $350,000. Finally, Optiver Holding B.V. lifted its stake in GraniteShares 2x Short COIN Daily ETF by 506.6% in the first quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock valued at $1,083,000 after purchasing an additional 14,702 shares during the last quarter.

GraniteShares 2x Short COIN Daily ETF Stock Down 1.3%

Shares of CONI stock traded down $0.28 during trading hours on Thursday, reaching $21.22. The company had a trading volume of 467,195 shares, compared to its average volume of 242,114. GraniteShares 2x Short COIN Daily ETF has a 12 month low of $19.30 and a 12 month high of $141.65. The business has a fifty day simple moving average of $38.58 and a 200-day simple moving average of $47.13.

About GraniteShares 2x Short COIN Daily ETF

The GraniteShares 1x Short COIN Daily ETF (CONI) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1x inverse exposure, less fees and expenses, to the daily price movement for shares of Coinbase Global, Inc stock. CONI was launched on Sep 3, 2024 and is issued by GraniteShares.