GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares fell 9% during trading on Wednesday. The company traded as low as $4.91 and last traded at $4.8970. Approximately 7,030,958 shares were traded during trading, a decline of 64% from the average daily volume of 19,367,553 shares. The stock had previously closed at $5.38.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm has a 50-day moving average price of $5.43 and a two-hundred day moving average price of $6.10.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
Several large investors have recently modified their holdings of the stock. Optiver Holding B.V. increased its stake in GraniteShares 2x Long COIN Daily ETF by 232.2% in the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after acquiring an additional 90,448 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter worth about $814,000. Group One Trading LLC lifted its holdings in 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 worth $198,000 after buying an additional 22,965 shares during the period. Flagstar Advisors Inc. purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter worth about $189,000. Finally, NewEdge Advisors LLC boosted its position in 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 valued at $113,000 after acquiring an additional 5,900 shares in 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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