GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Time to Sell?

Posted by Casey Walker on Jan 13th, 2025

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $37.59, but opened at $34.06. GraniteShares 2x Long COIN Daily ETF shares last traded at $34.30, with a volume of 1,145,451 shares.

GraniteShares 2x Long COIN Daily ETF Trading Down 10.6 %

The stock has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $39.45.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $122,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Finally, Citigroup Inc. bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $8,079,000.

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.