GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $4.68, but opened at $4.92. GraniteShares 2x Long COIN Daily ETF shares last traded at $4.9530, with a volume of 5,263,984 shares changing hands.
GraniteShares 2x Long COIN Daily ETF Trading Down 8.8%
The stock’s 50-day simple moving average is $5.52 and its 200 day simple moving average is $6.02.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CONL. Avior Wealth Management LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $69,000. Parallel Advisors LLC grew 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 in the last quarter. NewEdge Advisors LLC grew its holdings in 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. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long COIN Daily ETF by 232.2% in the 1st quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after buying an additional 90,448 shares in the last quarter. Finally, Group One Trading LLC increased its position in GraniteShares 2x Long COIN Daily ETF by 431.4% during the 1st quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after buying an additional 22,965 shares during the period.
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.
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