GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price were down 6.8% on Thursday . The stock traded as low as $4.96 and last traded at $5.09. 3,885,182 shares changed hands during trading, a decline of 79% from the average session volume of 18,105,865 shares. The stock had previously closed at $5.46.
GraniteShares 2x Long COIN Daily ETF Stock Down 3.1%
The firm has a fifty day moving average price of $6.19 and a 200 day moving average price of $8.68.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth about $814,000. Flagstar Advisors Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter worth about $189,000. Crescent Grove Advisors LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth approximately $238,000. Austin Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $662,000. Finally, NewEdge Advisors LLC grew its stake in shares of 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 valued at $113,000 after purchasing an additional 5,900 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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