GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price traded up 0.1% during trading on Wednesday . The company traded as high as $8.48 and last traded at $7.67. 16,478,161 shares were traded during trading, an increase of 6% from the average session volume of 15,547,728 shares. The stock had previously closed at $7.66.
GraniteShares 2x Long COIN Daily ETF Price Performance
The firm has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $21.53.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $44,000. GatePass Capital LLC grew its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 22.7% during the second quarter. GatePass Capital LLC now owns 20,264 shares of the company’s stock worth $935,000 after buying an additional 3,746 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 12.3% during the third quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after buying an additional 4,526 shares in the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $78,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the second quarter worth about $293,000.
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.
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