GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.25, but opened at $5.82. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.75, with a volume of 5,469,486 shares changing hands.
GraniteShares 2x Long COIN Daily ETF Price Performance
The business’s 50-day moving average is $4.93 and its 200 day moving average is $6.66.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CONL. Summit Securities Group LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $44,000. Parallel Advisors LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% in the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after acquiring an additional 5,300 shares during the period. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $78,000. NewEdge Advisors LLC raised its stake 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 valued at $113,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter worth about $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.
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