GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 9.6% – Here’s Why

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price rose 9.6% during trading on Thursday . The stock traded as high as $39.26 and last traded at $38.67. Approximately 2,305,421 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,394,288 shares. The stock had previously closed at $35.29.

GraniteShares 2x Long COIN Daily ETF Stock Up 10.3 %

The business has a 50 day moving average price of $49.47 and a 200 day moving average price of $39.82.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several institutional investors have recently bought and sold shares of the company. Citigroup Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth approximately $8,079,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth approximately $2,412,000. Finally, SG Americas Securities LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $122,000.

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.