GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) were up 22.5% during mid-day trading on Wednesday . The stock traded as high as $5.29 and last traded at $5.23. Approximately 18,612,869 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 18,173,709 shares. The stock had previously closed at $4.27.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm’s 50-day moving average price is $6.95 and its 200 day moving average price is $9.67.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
Several institutional investors and hedge funds have recently made changes to their positions in CONL. Summit Securities Group LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $44,000. Parallel Advisors LLC increased its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% in the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after purchasing an additional 5,300 shares during the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $78,000. NewEdge Advisors LLC lifted its stake in 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 buying an additional 5,900 shares during the period. Finally, Flagstar Advisors Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF during the first quarter worth 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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