Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $6.08, but opened at $6.44. GraniteShares 2x Long COIN Daily ETF shares last traded at $6.1190, with a volume of 4,700,762 shares trading hands.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm’s 50 day moving average price is $5.29 and its 200 day moving average price is $6.39.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CONL. IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 1st quarter valued at approximately $814,000. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long COIN Daily ETF by 232.2% in the 1st quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after buying an additional 90,448 shares during the last quarter. Flagstar Advisors Inc. bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter worth approximately $189,000. Group One Trading LLC increased its stake in shares of GraniteShares 2x Long COIN Daily ETF by 431.4% during 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 during the period. Finally, Crescent Grove Advisors LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $238,000.
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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