GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Unusually-High Trading Volume

Posted by Lindsey Winhoffer on May 9th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 931,401 shares were traded during mid-day trading, a decline of 34% from the previous session’s volume of 1,419,315 shares.The stock last traded at $55.29 and had previously closed at $50.31.

GraniteShares 2x Long COIN Daily ETF Trading Down 2.9 %

The business has a 50-day moving average of $61.47 and a 200-day moving average of $36.77.

GraniteShares 2x Long COIN Daily ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 29th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.1086 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.30 annualized dividend and a yield of 2.91%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at about $451,000. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at approximately $533,000. Finally, APEIRON CAPITAL Ltd bought a new position in GraniteShares 2x Long COIN Daily ETF in the 1st quarter worth approximately $10,224,000.

About GraniteShares 2x Long COIN Daily ETF

(Get Free Report)

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.