GraniteShares 2x Short COIN Daily ETF (CONI)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
32.01 USD
+3.60
(12.672%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 32.27 +0.26 (0.812%) ⇧ (Aug. 28, 2026, 7:48 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:52 a.m. EDT
This instrument is a leveraged bet on the collapse of its underlying asset, and the data confirms a catastrophic failure of that thesis. The price has plummeted nearly 90% in just one year, dragging the ETF from a high of $141 to a low of $28. This is not a standard drawdown; it is a structural implosion where the 'underlying' has lost almost all its value. The recent price action shows a violent crash, dropping from $53 to $30 in a single week, indicating panic selling rather than a healthy correction. The options market reflects this despair, with traders aggressively buying protection at the lowest levels available. There is no 'value' here to be found; a 90% loss in a year suggests the business model or the market's perception of it has fundamentally broken. For a leveraged short product, this is a death spiral. The dividend is a meaningless fraction of the capital destroyed. Avoid this entirely. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.184305 |
| AutoETS | 0.201081 |
| AutoARIMA | 0.201089 |
| AutoTheta | 0.273064 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 0.29 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.730 |
| Excess Kurtosis | -0.38 |
As of Aug. 22, 2026, 5:52 a.m. EDT: Speculators are overwhelmingly positioning for further downside. In the near term (August expiration), put volume and open interest vastly exceed call activity, with significant new flow into deep out-of-the-money puts at strikes like $25. While there is some speculative call buying at distant strikes ($85, $140), the overwhelming weight of capital is in protective puts and bearish bets, suggesting a consensus expectation of continued volatility and price decline.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.93% | 0.93% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-29 | 0.597 | 0.933469 |
| 2024-12-27 | 3.280 | 1.484163 |
| Attribute | Value |
|---|---|
| All Time High | 570.8 |
| All Time Low | 27.39 |
| Ask | 66.25 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 421,160 |
| Average Daily Volume3 Month | 186,596 |
| Average Volume | 186,596 |
| Average Volume10Days | 421,160 |
| Beta3 Year | 0.0 |
| Bid | 38.42 |
| Bid Size | 2 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 32.8125 |
| Day Low | 29.14 |
| Dividend Yield | 1.09 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 48.9062 |
| Fifty Day Average Change | -16.896202 |
| Fifty Day Average Change Percent | -0.3454818 |
| Fifty Two Week Change Percent | -47.737305 |
| Fifty Two Week High | 141.65 |
| Fifty Two Week High Change | -109.64 |
| Fifty Two Week High Change Percent | -0.7740205 |
| Fifty Two Week Low | 27.39 |
| Fifty Two Week Low Change | 4.619999 |
| Fifty Two Week Low Change Percent | 0.16867466 |
| Fifty Two Week Range | 27.39 - 141.65 |
| First Trade Date Milliseconds | 1,725,456,600,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 3.6 |
| Fullday Change Percent | 12.6716 |
| Fullday Price | 32.27 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,725,408,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-09-04 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund manager will 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 earned or realized on the underlying stock. The fund is non-diversified. |
| Long Name | GraniteShares 2x Short COIN Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1852635207 |
| Nav Price | 31.59 |
| Net Assets | 14,313,254.0 |
| Net Expense Ratio | 1.15 |
| Open | 29.65 |
| Post Market Change | 0.26000214 |
| Post Market Change Percent | 0.8122529 |
| Post Market Price | 32.27 |
| Post Market Time | 1,787,960,888 |
| Previous Close | 28.41 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 3.6 |
| Regular Market Change Percent | 12.6716 |
| Regular Market Day High | 32.8125 |
| Regular Market Day Low | 29.14 |
| Regular Market Day Range | 29.14 - 32.8125 |
| Regular Market Open | 29.65 |
| Regular Market Previous Close | 28.41 |
| Regular Market Price | 32.01 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 522,443 |
| Short Name | GraniteShares 2x Short COIN Dai |
| Source Interval | 15 |
| Symbol | CONI |
| Total Assets | 14,313,254 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 12.95572 |
| Trailing Three Month Returns | 12.95572 |
| Triggerable | 1 |
| Two Hundred Day Average | 56.9433 |
| Two Hundred Day Average Change | -24.9333 |
| Two Hundred Day Average Change Percent | -0.4378619 |
| Type Disp | ETF |
| Volume | 522,443 |
| Yield | 0.0109 |
| Ytd Return | -19.55406 |