GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 12,800,557 shares changed hands during trading, a decline of 32% from the previous session’s volume of 18,796,307 shares.The stock last traded at $6.0740 and had previously closed at $5.32.
GraniteShares 2x Long COIN Daily ETF Stock Up 14.8%
The firm’s 50-day simple moving average is $5.09 and its 200-day simple moving average is $6.60.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of institutional investors have recently added to or reduced their stakes in CONL. Summit Securities Group LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $44,000. Parallel Advisors LLC increased its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% in the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after buying an additional 5,300 shares during the period. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $78,000. NewEdge Advisors LLC raised its stake in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% in the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after buying an additional 5,900 shares in the last quarter. Finally, Peapack Gladstone Financial Corp bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth about $293,000.
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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