GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $5.87 and last traded at $5.95. Approximately 6,043,835 shares changed hands during trading, a decline of 68% from the average session volume of 18,849,709 shares. The stock had previously closed at $6.28.
GraniteShares 2x Long COIN Daily ETF Price Performance
The stock’s 50-day moving average price is $4.88 and its 200 day moving average price is $6.68.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth $44,000. Parallel Advisors LLC lifted its stake in shares of 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. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $78,000. NewEdge Advisors LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% during the 1st 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. Finally, Flagstar Advisors Inc. purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at about $189,000.
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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