GraniteShares 2x Short COIN Daily ETF (CONI), managed by GraniteShares, is a equity ETF. 2.11% expense ratio, $14M AUM, 2 holdings, inception 2024.
ETF Overview
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, (NASDAQ: COIN) There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide -2 times the cumulative return of COIN for periods greater than a day.
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, (NASDAQ: COIN) There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide -2 times the cumulative return of COIN for periods greater than a day. GraniteShares 2x Short COIN Daily ETF provides exposure to the equity market. The portfolio is concentrated with 2 holdings.
Risk Metrics
GraniteShares 2x Short COIN Daily ETF holds only 2 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Financial Services (200.0%) means sector-specific downturns could disproportionately affect performance. A beta of 0.00 indicates lower volatility relative to the broader market. The 2.11% expense ratio is above average and will reduce net returns over time. With $14M in assets, the fund may face liquidity constraints and wider bid-ask spreads.
What is GraniteShares 2x Short COIN Daily ETF (CONI)?
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, (NASDAQ: COIN) There is no guarantee that the Fund will meet its stated objective. The fund It holds 2 securities. With $14M in assets under management, it is a funds in its category.
What is the expense ratio for CONI?
GraniteShares 2x Short COIN Daily ETF has an expense ratio of 2.11%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $211. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has CONI been around?
GraniteShares 2x Short COIN Daily ETF was launched in 2024, making it 2 years old. It is a relatively newer fund with a shorter track record. It is managed by GraniteShares.
What is the current NAV of CONI?
GraniteShares 2x Short COIN Daily ETF has a net asset value (NAV) of approximately $55.40 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.
Is CONI a good investment?
GraniteShares 2x Short COIN Daily ETF is a equity ETF with $14M in assets and 2 holdings. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.