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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $47.79, but opened at $46.60. GraniteShares 2x Long COIN Daily ETF shares last traded at $47.56, with a volume of 1,201,984 shares.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company’s fifty day moving average is $50.11 and its 200 day moving average is $39.27.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth approximately $122,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $2,412,000. Drive Wealth Management LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at $7,614,000. Finally, Citigroup Inc. acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at $8,079,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

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.