GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Down 55.2% in July

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 10,221 shares, a decline of 55.2% from the July 15th total of 22,808 shares. Based on an average daily volume of 170,946 shares, the short-interest ratio is presently 0.1 days. Approximately 3.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. grew 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 acquiring an additional 14,702 shares during the period. Group One Trading LLC lifted its holdings in shares of 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 in the 1st quarter worth $350,000. HRT Financial LP acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the 4th quarter valued at $212,000. Finally, SBI Securities Co. Ltd. grew its position 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 valued at $50,000 after purchasing an additional 309 shares during the period.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of CONI stock traded up $3.34 on Friday, reaching $51.65. 59,205 shares of the company were exchanged, compared to its average volume of 201,664. The company has a 50-day moving average of $51.95 and a 200-day moving average of $58.83. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.41 and a one year high of $141.65.

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.