GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price fell 5.3% during trading on Wednesday . The company traded as low as $5.87 and last traded at $5.95. Approximately 6,043,835 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 18,849,709 shares. The stock had previously closed at $6.28.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company has a 50-day moving average price of $4.91 and a two-hundred day moving average price of $6.68.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in GraniteShares 2x Long COIN Daily ETF by 64.8% in the 3rd quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock worth $72,982,000 after acquiring an additional 767,632 shares during the last quarter. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter valued at about $814,000. Optiver Holding B.V. grew its position in GraniteShares 2x Long COIN Daily ETF by 232.2% during the 1st quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after acquiring an additional 90,448 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of GraniteShares 2x Long COIN Daily ETF by 91.2% in the fourth quarter. Renaissance Technologies LLC now owns 91,600 shares of the company’s stock worth $1,342,000 after buying an additional 43,700 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the second quarter valued at about $1,248,000.
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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