Traders Buy Large Volume of GraniteShares 2x Long COIN Daily ETF Call Options (NASDAQ:CONL)

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 13,392 call options on the company. This is an increase of approximately 31% compared to the typical daily volume of 10,189 call options.

GraniteShares 2x Long COIN Daily ETF Trading Up 9.3%

CONL stock traded up $0.58 during trading on Monday, hitting $6.85. The stock had a trading volume of 28,852,767 shares, compared to its average volume of 19,446,820. GraniteShares 2x Long COIN Daily ETF has a twelve month low of $3.56 and a twelve month high of $52.40. The company’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $6.52.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 1st quarter valued at about $814,000. Optiver Holding B.V. increased its position in GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after purchasing an additional 90,448 shares during the last quarter. Flagstar Advisors Inc. acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth about $189,000. Group One Trading LLC raised its stake in GraniteShares 2x Long COIN Daily ETF by 431.4% during the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after purchasing an additional 22,965 shares during the period. Finally, Crescent Grove Advisors LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $238,000.

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.