GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Update

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 179,697 shares, a growth of 1,422.0% from the April 30th total of 11,807 shares. Currently, 47.3% of the shares of the company are short sold. Based on an average daily trading volume, of 324,801 shares, the days-to-cover ratio is presently 0.6 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of CONI. Group One Trading LLC lifted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 1,422.5% during the 1st quarter. Group One Trading LLC now owns 609 shares of the company’s stock valued at $37,000 after buying an additional 569 shares during the period. StoneX Group Inc. bought a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at $40,000. SBI Securities Co. Ltd. lifted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 72.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after buying an additional 309 shares during the period. Vienna Asset Management LLC bought a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at $145,000. Finally, HRT Financial LP bought a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 4th quarter valued at $212,000.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of NASDAQ CONI traded up $3.22 during midday trading on Wednesday, hitting $51.16. 95,288 shares of the stock traded hands, compared to its average volume of 234,791. The firm has a 50-day moving average of $50.59 and a two-hundred day moving average of $60.53. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.40 and a one year high of $141.65.

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.