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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.65, but opened at $5.40. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.29, with a volume of 15,924,277 shares traded.

GraniteShares 2x Long COIN Daily ETF Price Performance

The stock’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $6.78.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth $44,000. Parallel Advisors LLC grew its stake in GraniteShares 2x Long COIN Daily ETF by 353.3% in the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after purchasing an additional 5,300 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $78,000. NewEdge Advisors LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% during the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter valued at $293,000.

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.