Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shot up 12.4% during trading on Friday . The company traded as high as $5.76 and last traded at $5.7190. Approximately 13,614,234 shares were traded during mid-day trading, a decline of 29% from the average session volume of 19,129,752 shares. The stock had previously closed at $5.09.
GraniteShares 2x Long COIN Daily ETF Price Performance
The business’s 50-day moving average is $5.09 and its two-hundred day moving average is $6.53.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
Several large investors have recently bought and sold shares of CONL. Parallel Advisors LLC raised its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% during the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after buying an additional 5,300 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of 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 valued at $113,000 after buying an additional 5,900 shares during the period. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 232.2% in the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after buying an additional 90,448 shares during the period. Group One Trading LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 431.4% during 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 in the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter worth $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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