GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares saw an uptick in trading volume on Monday . 17,046,122 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 19,383,600 shares.The stock last traded at $6.9040 and had previously closed at $6.27.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The company’s 50 day moving average price is $5.12 and its 200-day moving average price is $6.52.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% in the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after buying an additional 5,300 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% during the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after acquiring an additional 5,900 shares during the last quarter. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after acquiring an additional 90,448 shares during the last quarter. Group One Trading LLC lifted its stake in shares of GraniteShares 2x Long COIN Daily ETF by 431.4% in the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after acquiring an additional 22,965 shares during the period. Finally, IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter valued at approximately $814,000.
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.
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