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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONIGet Free Report) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 19,703 shares, a decrease of 77.9% from the February 12th total of 89,004 shares. Approximately 10.4% of the company’s shares are short sold. Based on an average daily volume of 220,277 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 220,277 shares, the short-interest ratio is presently 0.1 days. Approximately 10.4% of the company’s shares are short sold.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of CONI stock traded up $1.63 during trading hours on Tuesday, reaching $53.67. The company’s stock had a trading volume of 287,489 shares, compared to its average volume of 232,182. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.40 and a one year high of $354.80. The firm’s fifty day simple moving average is $75.98 and its 200 day simple moving average is $57.64.

GraniteShares 2x Short COIN Daily ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a $0.5968 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 13.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CONI. Jump Financial LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth about $1,554,000. Jane Street Group LLC increased its position in shares of GraniteShares 2x Short COIN Daily ETF by 355.6% during the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after buying an additional 157,242 shares during the period. Two Sigma Securities LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter valued at about $283,000. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the second quarter worth about $271,000. Finally, HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF in the fourth quarter worth about $212,000.

About GraniteShares 2x Short COIN Daily ETF

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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.

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