GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares were down 10.3% during mid-day trading on Tuesday . The company traded as low as $9.08 and last traded at $9.10. Approximately 14,902,993 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 17,005,139 shares. The stock had previously closed at $10.14.
GraniteShares 2x Long COIN Daily ETF Price Performance
The stock has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $14.25.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
Institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at approximately $44,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at approximately $78,000. Peapack Gladstone Financial Corp acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter valued at approximately $293,000. Parallel Advisors LLC raised its position in shares of 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 valued at $48,000 after acquiring an additional 5,300 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at approximately $149,000.
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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