GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price dropped 6.2% during trading on Tuesday . The company traded as low as $17.40 and last traded at $17.2980. Approximately 4,642,419 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 6,180,056 shares. The stock had previously closed at $18.45.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company’s 50-day simple moving average is $22.30 and its 200 day simple moving average is $34.49.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
Large investors have recently made changes to their positions in the stock. Scientech Research LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $388,000. UBS Group AG grew its holdings in GraniteShares 2x Long COIN Daily ETF by 64.8% during the third quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock valued at $72,982,000 after purchasing an additional 767,632 shares during the last quarter. Citigroup Inc. lifted its stake in shares of GraniteShares 2x Long COIN Daily ETF by 11.6% in the third quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock worth $112,737,000 after buying an additional 314,355 shares during the last quarter. Stevens Capital Management LP acquired a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $905,000. Finally, SBI Securities Co. Ltd. grew its stake 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 buying an additional 4,526 shares during the last quarter.
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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