GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) dropped 7.9% on Wednesday . The stock traded as low as $5.49 and last traded at $5.49. 5,892,791 shares changed hands during trading, a decline of 68% from the average session volume of 18,183,727 shares. The stock had previously closed at $5.96.
GraniteShares 2x Long COIN Daily ETF Stock Down 6.0%
The business’s 50 day moving average price is $5.72 and its 200-day moving average price is $8.25.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in 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 valued at $48,000 after purchasing an additional 5,300 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 5,900 shares during the last quarter. Optiver Holding B.V. increased its stake 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 in the last quarter. Group One Trading LLC increased 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 about $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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