GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $46.29, but opened at $40.15. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.43, with a volume of 2,295,740 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The stock’s fifty day moving average is $48.22 and its 200 day moving average is $39.20.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth approximately $122,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Drive Wealth Management LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $7,614,000. Finally, Citigroup Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter worth $8,079,000.

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.