GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report)’s stock price shot up 7.1% during trading on Tuesday . The company traded as high as $66.40 and last traded at $63.54. Approximately 111,544 shares traded hands during trading, a decline of 49% from the average daily volume of 218,170 shares. The stock had previously closed at $59.31.
GraniteShares 2x Short COIN Daily ETF Price Performance
The firm’s 50-day simple moving average is $48.97 and its two-hundred day simple moving average is $61.09.
Institutional Trading of GraniteShares 2x Short COIN Daily ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC increased its holdings in shares of 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 valued at $37,000 after purchasing an additional 569 shares in the last quarter. StoneX Group Inc. acquired a new position in GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth $40,000. SBI Securities Co. Ltd. lifted its holdings in GraniteShares 2x Short COIN Daily ETF by 72.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after buying an additional 309 shares in the last quarter. Vienna Asset Management LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $145,000. Finally, HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF in the 4th quarter valued at $212,000.
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.
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