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

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped up before the market opened on Tuesday . The stock had previously closed at $41.59, but opened at $43.14. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.51, with a volume of 1,588,666 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Stock Up 6.3 %

The stock has a 50 day moving average price of $48.04 and a 200 day moving average price of $40.66.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Several large investors have recently made changes to their positions in CONL. SG Americas Securities LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth approximately $122,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $2,412,000. Finally, Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth $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.