GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $5.67, but opened at $5.33. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.2450, with a volume of 6,193,804 shares trading hands.
GraniteShares 2x Long COIN Daily ETF Stock Down 6.6%
The business’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $6.23.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth approximately $814,000. Flagstar Advisors Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter valued at approximately $189,000. Parallel Advisors LLC grew its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after buying an additional 5,300 shares in the last quarter. NewEdge Advisors LLC raised its position in GraniteShares 2x Long COIN Daily ETF by 58.0% in the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after buying an additional 5,900 shares during the last quarter. Finally, Optiver Holding B.V. raised its position in 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 valued at $906,000 after buying an additional 90,448 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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