GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Down 6% – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) shares were down 6% during trading on Tuesday . The company traded as low as $37.64 and last traded at $37.49. Approximately 3,843,648 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 5,170,773 shares. The stock had previously closed at $39.87.

GraniteShares 2x Long COIN Daily ETF Stock Down 7.1 %

The business has a fifty day moving average of $44.26 and a 200 day moving average of $38.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $122,000. JPMorgan Chase & Co. acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $836,000. Optiver Holding B.V. raised its stake in GraniteShares 2x Long COIN Daily ETF by 545.6% during the fourth quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock valued at $991,000 after buying an additional 23,729 shares in the last quarter. Prosperity Wealth Management Inc. acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $1,314,000. Finally, Simplex Trading LLC raised its stake in GraniteShares 2x Long COIN Daily ETF by 362.9% during the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after buying an additional 32,639 shares in the last quarter.

GraniteShares 2x Long COIN Daily ETF Company Profile

(Get Free Report)

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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