GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) dropped 4.4% during trading on Friday. The stock traded as low as $5.79 and last traded at $5.65. Approximately 17,005,960 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 19,450,949 shares. The stock had previously closed at $5.91.
GraniteShares 2x Long COIN Daily ETF Trading Down 6.5%
The firm’s 50 day simple moving average is $5.32 and its 200-day simple moving average is $6.32.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings 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 acquiring an additional 5,300 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% in the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after purchasing an additional 5,900 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at approximately $238,000. Flagstar Advisors Inc. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at approximately $189,000. Finally, Group One Trading LLC increased its holdings 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 purchasing an additional 22,965 shares during the last quarter.
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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