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

Shares of GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONIGet Free Report) rose 5.9% on Thursday . The company traded as high as $48.50 and last traded at $47.39. 117,377 shares traded hands during mid-day 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 Stock Up 5.9%

The company has a fifty day moving average of $51.08 and a two-hundred day moving average of $59.73.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock worth $1,083,000 after buying an additional 14,702 shares during the period. Group One Trading LLC grew its stake in 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 valued at $37,000 after buying an additional 569 shares during the last quarter. IMC Chicago LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the 1st quarter worth $350,000. HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF in the 4th quarter worth $212,000. Finally, SBI Securities Co. Ltd. raised its holdings 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 worth $50,000 after acquiring an additional 309 shares during the period.

GraniteShares 2x Short COIN Daily ETF Company Profile

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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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