GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Update

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,996,483 shares, a decline of 50.6% from the June 30th total of 18,222,632 shares. Based on an average trading volume of 18,760,650 shares, the days-to-cover ratio is currently 0.5 days. Approximately 8.6% of the shares of the company are short sold.

GraniteShares 2x Long COIN Daily ETF Price Performance

Shares of CONL traded down $0.15 during trading hours on Wednesday, reaching $5.21. 8,597,990 shares of the company’s stock traded hands, compared to its average volume of 18,020,727. GraniteShares 2x Long COIN Daily ETF has a twelve month low of $3.88 and a twelve month high of $55.00. The business’s fifty day simple moving average is $5.55 and its two-hundred day simple moving average is $7.98.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at approximately $44,000. Parallel Advisors LLC raised its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares in the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $78,000. NewEdge Advisors LLC lifted its position in GraniteShares 2x Long COIN Daily ETF by 58.0% in the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after purchasing an additional 5,900 shares during the period. Finally, Peapack Gladstone Financial Corp bought a new position in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter valued at $293,000.

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.