GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 8.1% during trading on Friday . The stock traded as low as $5.89 and last traded at $5.9520. 7,328,180 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 18,882,670 shares. The stock had previously closed at $6.48.
GraniteShares 2x Long COIN Daily ETF Price Performance
The business has a 50-day moving average of $5.01 and a 200 day moving average of $6.66.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings 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 worth $48,000 after purchasing an additional 5,300 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 buying an additional 5,900 shares during the last quarter. Optiver Holding B.V. raised its holdings in 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 buying 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 valued at $198,000 after buying an additional 22,965 shares in the last quarter. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at $814,000.
About GraniteShares 2x Long COIN Daily ETF
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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