GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Here’s Why

Posted by Joseph Casey on May 4th, 2026

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.04, but opened at $8.73. GraniteShares 2x Long COIN Daily ETF shares last traded at $8.81, with a volume of 9,550,140 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The business has a fifty day simple moving average of $8.22 and a 200 day simple moving average of $15.77.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $44,000. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 12.3% in the third quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock valued at $1,544,000 after purchasing an additional 4,526 shares during the last quarter. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at about $78,000. Peapack Gladstone Financial Corp purchased a new position in GraniteShares 2x Long COIN Daily ETF during the second quarter worth about $293,000. Finally, NewEdge Advisors LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $149,000.

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.