GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Shares Shorted: Short Interest Down 91.8% in September

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,603 shares, a decline of 91.8% from the September 15th total of 80,614 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 516,577 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 2x Short COIN Daily ETF Price Performance

NASDAQ CONI opened at $25.47 on Friday. The company’s 50-day simple moving average is $33.59 and its 200 day simple moving average is $45.08. GraniteShares 2x Short COIN Daily ETF has a twelve month low of $19.30 and a twelve month high of $141.65.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Several hedge funds have recently modified their holdings of CONI. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% in the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock worth $1,083,000 after acquiring an additional 14,702 shares in the last quarter. Group One Trading LLC increased its holdings in 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 purchasing an additional 569 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the first quarter worth $350,000.

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.