Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Grows By 66.4%

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 19,201 shares, a growth of 66.4% from the March 15th total of 11,537 shares. Currently, 8.0% of the shares of the stock are short sold. Based on an average daily volume of 241,209 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short COIN Daily ETF Stock Down 7.9%

CONI traded down $5.23 on Monday, hitting $61.00. 52,049 shares of the company’s stock traded hands, compared to its average volume of 224,828. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.40 and a one year high of $293.59. The company’s 50 day simple moving average is $73.95 and its 200-day simple moving average is $59.19.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

A number of large investors have recently added to or reduced their stakes in the company. HRT Financial LP bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 4th quarter worth approximately $212,000. SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Short COIN Daily ETF by 72.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after acquiring an additional 309 shares during the last quarter. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 4th quarter worth approximately $418,000. Two Sigma Securities LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $283,000. Finally, Group One Trading LLC increased its stake in GraniteShares 2x Short COIN Daily ETF by 295.5% in the 2nd quarter. Group One Trading LLC now owns 17,400 shares of the company’s stock worth $42,000 after acquiring an additional 13,000 shares during the last quarter.

GraniteShares 2x Short COIN Daily ETF Company Profile

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.