GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 10.8% – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shot up 10.8% during mid-day trading on Monday . The stock traded as high as $35.77 and last traded at $35.81. 2,222,962 shares were traded during mid-day trading, a decline of 66% from the average session volume of 6,579,789 shares. The stock had previously closed at $32.32.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The company’s 50 day moving average price is $37.70 and its two-hundred day moving average price is $30.64.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Several institutional investors have recently made changes to their positions in CONL. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter worth $2,691,000. XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at $143,000. Headlands Technologies LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 2,654.7% in the 1st quarter. Headlands Technologies LLC now owns 3,223 shares of the company’s stock valued at $45,000 after acquiring an additional 3,106 shares during the period. IFP Advisors Inc acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at $28,000. Finally, Jump Financial LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 2nd quarter valued at $1,248,000.

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.