GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Stock Price Up 10.2% – Here’s Why

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price shot up 10.2% on Friday . The stock traded as high as $34.54 and last traded at $34.50. 1,778,128 shares traded hands during trading, a decline of 35% from the average session volume of 2,716,066 shares. The stock had previously closed at $31.32.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock’s fifty day moving average is $26.19 and its 200-day moving average is $42.25.

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

An institutional investor recently bought a new position in GraniteShares 2x Long COIN Daily ETF stock. APEIRON CAPITAL Ltd purchased a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 133,300 shares of the company’s stock, valued at approximately $10,224,000. GraniteShares 2x Long COIN Daily ETF accounts for approximately 4.1% of APEIRON CAPITAL Ltd’s holdings, making the stock its 5th biggest holding. APEIRON CAPITAL Ltd owned 1.54% of GraniteShares 2x Long COIN Daily ETF at the end of the most recent reporting 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.