GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Down 15.4% in March

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 3,340,000 shares, a drop of 15.4% from the February 28th total of 3,950,000 shares. Based on an average daily volume of 5,874,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 14.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Prosperity Wealth Management Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth approximately $1,314,000. SBI Securities Co. Ltd. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $2,268,000. Simplex Trading LLC lifted its position in GraniteShares 2x Long COIN Daily ETF by 362.9% during the 4th quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock worth $1,469,000 after acquiring an additional 32,639 shares during the last quarter. Optiver Holding B.V. lifted its position in GraniteShares 2x Long COIN Daily ETF by 545.6% during the 4th quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock worth $991,000 after acquiring an additional 23,729 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $836,000.

GraniteShares 2x Long COIN Daily ETF Trading Down 2.0 %

Shares of NASDAQ:CONL opened at $13.86 on Tuesday. GraniteShares 2x Long COIN Daily ETF has a 1 year low of $12.45 and a 1 year high of $78.80. The firm has a fifty day moving average price of $30.42 and a 200 day moving average price of $36.91.

GraniteShares 2x Long COIN Daily ETF Company Profile

The GraniteShares 1.5x Long Coinbase Daily ETF (CONL) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Coinbase stock. CONL was launched on Aug 9, 2022 and is managed by GraniteShares.