GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Down 5.8% – What’s Next?

Posted by Renee Jackson on May 22nd, 2026

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 5.8% on Friday . The stock traded as low as $7.48 and last traded at $7.50. Approximately 6,828,533 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 17,497,375 shares. The stock had previously closed at $7.96.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm’s 50 day moving average price is $8.26 and its two-hundred day moving average price is $13.19.

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

Several large investors have recently modified their holdings of CONL. UBS Group AG increased its stake in shares of GraniteShares 2x Long COIN Daily ETF by 64.8% in the third quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock worth $72,982,000 after purchasing an additional 767,632 shares in the last quarter. Citigroup Inc. grew 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 valued at $112,737,000 after acquiring an additional 314,355 shares in the last quarter. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the first quarter valued at approximately $814,000. Austin Wealth Management LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $662,000. Finally, Renaissance Technologies LLC grew its stake in GraniteShares 2x Long COIN Daily ETF by 91.2% during the fourth quarter. Renaissance Technologies LLC now owns 91,600 shares of the company’s stock valued at $1,342,000 after acquiring an additional 43,700 shares in the last quarter.

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.