Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) were up 9.6% during trading on Thursday . The company traded as high as $49.86 and last traded at $50.67. Approximately 775,838 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 5,263,955 shares. The stock had previously closed at $46.22.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm’s 50 day moving average is $48.54 and its 200 day moving average is $39.41.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth approximately $122,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $2,412,000. Drive Wealth Management LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth approximately $7,614,000. Finally, Citigroup Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $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.
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