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The Fund seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change of the common stock of Coinbase Global, Inc. Class A (NASDAQ: COIN). The Fund is an actively managed exchange traded fund that attempts to replicate 2x the inverse (-200%) daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options on the Underlying Stock. The Fund may enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Underlying Stock. As part of the Fund's strategy, the Fund may buy a combination of standardized exchange-traded and FLexible EXchange ("FLEX") call and put options contracts that are based on the value of the price returns of the Underlying Stock.
Graniteshares 2X Short Coin Daily ETF trades on the NASDAQ stock market under the symbol CONI.
As of August 11, 2026, CONI stock price climbed to $52.01 with 38,241 million shares trading.
CONI has a beta of -5.34, meaning it tends to be less sensitive to market movements. CONI has a correlation of 0.26 to the broad based SPY ETF.
CONI has a market cap of $11.49 million. This is considered a Sub-Micro Cap stock.
CONI has underperformed the market in the last year with a return of -1.9%, while SPY returned +22.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CONI shares. However, CONI has outperformed the market in the last 3 month and 2 week periods, returning +26.3% and +20.1%, while SPY returned +4.7% and +4.3%, respectively. This indicates CONI has been having a stronger performance recently.
CONI support price is $47.48 and resistance is $56.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CONI shares will trade within this expected range on the day.
