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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.92, but opened at $6.21. GraniteShares 2x Long COIN Daily ETF shares last traded at $6.32, with a volume of 9,719,856 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a 50 day moving average of $4.92 and a 200 day moving average of $6.67.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $44,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $78,000. Peapack Gladstone Financial Corp acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter worth approximately $293,000. Parallel Advisors LLC increased its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after buying an additional 5,300 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth approximately $149,000.

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.