Key stats
About GraniteShares 2x Short COIN Daily ETF
Home page
Inception date
Sep 3, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
CONI is a short-term tactical tool that aims to deliver -2x the price return, less fees and expenses, for a single day of Coinbase Global, Inc. stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -2x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending, and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CONI assets under management is 7.05 M USD. It's fallen 28.24% over the last month.
CONI fund flows account for 18.85 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CONI pays dividends to its holders with the dividend yield of 3.56%. The last dividend (Dec 31, 2024) amounted to 0.16 USD. The dividends are paid annually.
CONI shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Sep 3, 2024, and its management style is Passive.
CONI expense ratio is 1.15% meaning you'd have to pay 1.15% of your investment to help manage the fund.
CONI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CONI price has risen by 2.84% over the last month, and its yearly performance shows a −76.27% decrease. See more dynamics on CONI price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −46.39% over the last month, showed a −57.19% decrease in three-month performance and has decreased by −47.84% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −46.39% over the last month, showed a −57.19% decrease in three-month performance and has decreased by −47.84% in a year.