GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Large Volume Increase – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw an uptick in trading volume on Friday . 16,896,431 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 18,637,445 shares.The stock last traded at $6.42 and had previously closed at $5.38.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business’s 50 day moving average is $4.85 and its 200 day moving average is $6.74.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth about $814,000. Flagstar Advisors Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at about $189,000. Crescent Grove Advisors LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at about $238,000. NewEdge Advisors LLC lifted its position in shares of 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 in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $44,000.

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.