GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price traded down 7.6% during trading on Wednesday . The company traded as low as $4.79 and last traded at $4.86. 5,682,480 shares were traded during trading, a decline of 69% from the average session volume of 18,212,670 shares. The stock had previously closed at $5.26.
GraniteShares 2x Long COIN Daily ETF Stock Down 3.6%
The firm’s 50 day moving average is $6.57 and its two-hundred day moving average is $9.19.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
Hedge funds have recently made changes to their positions in the stock. HRT Financial LP boosted its holdings in GraniteShares 2x Long COIN Daily ETF by 165.2% in the fourth quarter. HRT Financial LP now owns 38,071 shares of the company’s stock valued at $557,000 after acquiring an additional 23,716 shares during the last quarter. Scientech Research LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $388,000. Peapack Gladstone Financial Corp acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 2nd quarter worth approximately $293,000. Simplex Trading LLC boosted its stake in shares of GraniteShares 2x Long COIN Daily ETF by 1,390.9% in the 4th quarter. Simplex Trading LLC now owns 19,427 shares of the company’s stock valued at $285,000 after purchasing an additional 18,124 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $149,000.
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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