Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) fell 5% during trading on Wednesday . The company traded as low as $4.73 and last traded at $4.7810. 7,481,625 shares were traded during trading, a decline of 61% from the average daily volume of 18,993,500 shares. The stock had previously closed at $5.03.
GraniteShares 2x Long COIN Daily ETF Trading Up 11.1%
The business’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $6.53.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of CONL. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the first quarter valued at approximately $814,000. Flagstar Advisors Inc. purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the 1st quarter worth approximately $189,000. Crescent Grove Advisors LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth approximately $238,000. Parallel Advisors LLC boosted its holdings 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. Finally, NewEdge Advisors LLC boosted its holdings in GraniteShares 2x Long COIN Daily ETF by 58.0% in 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 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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