GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) traded up 3.9% during mid-day trading on Monday. The company traded as high as $5.43 and last traded at $5.4650. 3,977,055 shares traded hands during trading, a decline of 80% from the average daily volume of 19,445,139 shares. The stock had previously closed at $5.26.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $6.10.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CONL. Avior Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth $69,000. Parallel Advisors LLC grew 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 worth $48,000 after acquiring an additional 5,300 shares during the last quarter. NewEdge Advisors LLC lifted 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 worth $113,000 after buying an additional 5,900 shares during the period. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long COIN Daily ETF by 232.2% in the 1st 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 in the last quarter. Finally, Group One Trading LLC grew its stake in GraniteShares 2x Long COIN Daily ETF by 431.4% in the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after purchasing an additional 22,965 shares during the period.
About GraniteShares 2x Long COIN Daily ETF
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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