GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Stock Price Up 5.7% – Should You Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) shares traded up 5.7% on Tuesday . The stock traded as high as $17.84 and last traded at $17.6570. 2,426,731 shares were traded during trading, a decline of 57% from the average session volume of 5,586,488 shares. The stock had previously closed at $16.71.

GraniteShares 2x Long COIN Daily ETF Stock Down 12.8%

The stock’s 50 day moving average is $19.64 and its two-hundred day moving average is $33.12.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CONL. GatePass Capital LLC increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 22.7% during the second quarter. GatePass Capital LLC now owns 20,264 shares of the company’s stock worth $935,000 after purchasing an additional 3,746 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in GraniteShares 2x Long COIN Daily ETF by 12.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock valued at $1,544,000 after purchasing an additional 4,526 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth $293,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $388,000. Finally, Sloy Dahl & Holst LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $426,000.

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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