GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.77, but opened at $5.56. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.59, with a volume of 7,800,709 shares.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm’s 50-day simple moving average is $4.89 and its 200 day simple moving average is $6.69.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
A number of institutional investors have recently added to or reduced their stakes in CONL. Summit Securities Group LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth approximately $44,000. Parallel Advisors LLC increased its stake 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 in the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at approximately $78,000. NewEdge Advisors LLC raised its holdings in 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. Finally, Peapack Gladstone Financial Corp acquired a new position in GraniteShares 2x Long COIN Daily ETF during the second quarter worth $293,000.
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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