GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 6% during trading on Tuesday . The stock traded as low as $37.64 and last traded at $37.49. Approximately 3,843,648 shares traded hands during trading, a decline of 26% from the average daily volume of 5,170,773 shares. The stock had previously closed at $39.87.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The company has a 50-day moving average of $42.99 and a 200 day moving average of $38.47.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONL. SG Americas Securities LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter worth $122,000. JPMorgan Chase & Co. acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth about $836,000. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long COIN Daily ETF by 545.6% during the 4th quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock worth $991,000 after acquiring an additional 23,729 shares in the last quarter. Prosperity Wealth Management Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth about $1,314,000. Finally, Simplex Trading LLC lifted its stake in GraniteShares 2x Long COIN Daily ETF by 362.9% during the 4th quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock worth $1,469,000 after acquiring an additional 32,639 shares in the last quarter.
About GraniteShares 2x Long COIN Daily ETF
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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