GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares gapped down prior to trading on Thursday. The stock had previously closed at $4.88, but opened at $4.57. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.0180, with a volume of 7,261,961 shares traded.
GraniteShares 2x Long COIN Daily ETF Price Performance
The stock’s 50 day moving average price is $5.44 and its 200-day moving average price is $6.09.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of CONL. Parallel Advisors LLC increased 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 buying an additional 5,300 shares in the last quarter. 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 valued at $113,000 after acquiring an additional 5,900 shares in the last quarter. Avior Wealth Management LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $69,000. Group One Trading LLC lifted its position in shares of 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 valued at $198,000 after acquiring an additional 22,965 shares in the last quarter. Finally, Flagstar Advisors Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at about $189,000.
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.
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