GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw strong trading volume on Friday . 11,208,451 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 17,305,307 shares.The stock last traded at $8.35 and had previously closed at $9.66.
GraniteShares 2x Long COIN Daily ETF Trading Down 16.9%
The stock’s 50-day moving average is $8.44 and its two-hundred day moving average is $14.25.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth approximately $44,000. SBI Securities Co. Ltd. boosted its position in shares of GraniteShares 2x Long COIN Daily ETF by 12.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after purchasing an additional 4,526 shares during the period. Parallel Advisors LLC boosted 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 worth $48,000 after purchasing 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 during the 4th quarter worth approximately $78,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth approximately $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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