GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.65, but opened at $5.40. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.29, with a volume of 15,924,277 shares traded.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm has a 50 day moving average of $4.88 and a two-hundred day moving average of $6.74.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at $44,000. Parallel Advisors LLC boosted its stake 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 purchasing an additional 5,300 shares in the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at about $78,000. NewEdge Advisors LLC grew its position in GraniteShares 2x Long COIN Daily ETF by 58.0% during 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 last quarter. Finally, Flagstar Advisors Inc. purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 1st quarter valued at about $189,000.

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.