GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Up 498.5% in February

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 89,004 shares, an increase of 498.5% from the January 29th total of 14,872 shares. Approximately 46.8% of the company’s stock are sold short. Based on an average daily volume of 240,590 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 240,590 shares, the short-interest ratio is currently 0.4 days. Approximately 46.8% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its position in GraniteShares 2x Short COIN Daily ETF by 72.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after purchasing an additional 309 shares during the last quarter. HRT Financial LP purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 4th quarter valued at $212,000. Genesis Financial Group LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 4th quarter worth $418,000. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth $40,000. Finally, Group One Trading LLC boosted its holdings in shares of 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 buying an additional 13,000 shares during the last quarter.

GraniteShares 2x Short COIN Daily ETF Stock Performance

GraniteShares 2x Short COIN Daily ETF stock opened at $67.52 on Thursday. GraniteShares 2x Short COIN Daily ETF has a fifty-two week low of $28.40 and a fifty-two week high of $354.80. The firm’s 50-day simple moving average is $76.16 and its 200 day simple moving average is $57.14.

GraniteShares 2x Short COIN Daily ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $0.5968 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date was Monday, December 29th.

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.