GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Should You Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.80, but opened at $5.09. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.30, with a volume of 3,986,031 shares traded.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $8.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at $814,000. Flagstar Advisors Inc. bought 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 bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at about $238,000. Austin Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $662,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $149,000.

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.