GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.29, but opened at $5.80. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.4450, with a volume of 8,752,618 shares traded.

GraniteShares 2x Long COIN Daily ETF Trading Down 10.4%

The firm has a fifty day simple moving average of $5.10 and a 200 day simple moving average of $6.60.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake 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 buying an additional 5,300 shares during the last quarter. NewEdge Advisors LLC lifted 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 worth $113,000 after acquiring an additional 5,900 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $238,000. Flagstar Advisors Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter valued at about $189,000. Finally, Group One Trading LLC boosted its holdings in 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 acquiring an additional 22,965 shares during the period.

GraniteShares 2x Long COIN Daily ETF Company Profile

(Get Free Report)

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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