GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Trading Up 5.9% – Here’s Why

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) shares were up 5.9% on Thursday . The stock traded as high as $48.50 and last traded at $47.39. Approximately 117,377 shares were traded during trading, a decline of 45% from the average daily volume of 211,726 shares. The stock had previously closed at $44.73.

GraniteShares 2x Short COIN Daily ETF Price Performance

The stock’s 50 day simple moving average is $51.08 and its 200-day simple moving average is $59.73.

Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of CONI. Group One Trading LLC boosted its holdings in GraniteShares 2x Short COIN Daily ETF by 1,422.5% in the first 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. SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Short COIN Daily ETF by 72.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after buying an additional 309 shares in the last quarter. HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF during the fourth quarter valued at about $212,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the first quarter worth about $350,000. Finally, Genesis Financial Group LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the fourth quarter worth about $418,000.

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.