GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $4.68, but opened at $4.92. GraniteShares 2x Long COIN Daily ETF shares last traded at $4.9530, with a volume of 5,263,984 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company has a fifty day moving average price of $5.50 and a 200-day moving average price of $6.04.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of large investors have recently added to or reduced their stakes in CONL. Avior Wealth Management LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at approximately $69,000. Parallel Advisors LLC increased its position in GraniteShares 2x Long COIN Daily ETF by 353.3% in the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the last quarter. NewEdge Advisors LLC increased its position in GraniteShares 2x Long COIN Daily ETF by 58.0% in the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after purchasing an additional 5,900 shares during the last quarter. Optiver Holding B.V. increased its position in GraniteShares 2x Long COIN Daily ETF by 232.2% in the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after purchasing an additional 90,448 shares during the last quarter. Finally, Group One Trading LLC raised 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 valued at $198,000 after purchasing an additional 22,965 shares in the last quarter.

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.