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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $5.92, but opened at $6.21. GraniteShares 2x Long COIN Daily ETF shares last traded at $6.32, with a volume of 9,719,856 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Trading Up 11.5%

The business’s fifty day moving average price is $4.89 and its 200 day moving average price is $6.69.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth approximately $44,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $78,000. Peapack Gladstone Financial Corp purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth $293,000. Parallel Advisors LLC boosted its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth $149,000.

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.