GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Down 54.9% in December

by · The Markets Daily

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 21,380 shares, a decline of 54.9% from the December 15th total of 47,390 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average daily volume of 119,960 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 119,960 shares, the days-to-cover ratio is currently 0.2 days. Currently, 7.6% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Jump Financial LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth about $1,554,000. Jane Street Group LLC raised its stake 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 worth $486,000 after buying an additional 157,242 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth approximately $301,000. Two Sigma Securities LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $283,000. Finally, Flow Traders U.S. LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $271,000.

GraniteShares 2x Short COIN Daily ETF Stock Performance

Shares of NASDAQ:CONI opened at $51.27 on Wednesday. The business has a fifty day moving average of $54.74 and a 200-day moving average of $47.83. GraniteShares 2x Short COIN Daily ETF has a twelve month low of $28.40 and a twelve month high of $354.80.

GraniteShares 2x Short COIN Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a dividend of $0.5968 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a yield of 14.0%.

GraniteShares 2x Short COIN Daily ETF Company Profile

(Get Free Report)

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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