GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $6.39, but opened at $6.14. GraniteShares 2x Long COIN Daily ETF shares last traded at $6.77, with a volume of 11,765,700 shares traded.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The company’s 50 day simple moving average is $8.06 and its two-hundred day simple moving average is $12.53.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in GraniteShares 2x Long COIN Daily ETF by 11.6% during the third quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock worth $112,737,000 after buying an additional 314,355 shares during the period. Stevens Capital Management LP purchased a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $905,000. SBI Securities Co. Ltd. boosted its stake in GraniteShares 2x Long COIN Daily ETF by 12.3% during the third quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after buying an additional 4,526 shares during the period. Group One Trading LLC boosted its stake in GraniteShares 2x Long COIN Daily ETF by 431.4% during the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after buying an additional 22,965 shares during the period. Finally, Parallel Advisors LLC boosted its stake in GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after buying an additional 5,300 shares during the 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.
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