GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.15, but opened at $7.73. GraniteShares 2x Long COIN Daily ETF shares last traded at $7.91, with a volume of 6,645,571 shares changing hands.
GraniteShares 2x Long COIN Daily ETF Price Performance
The business has a 50-day simple moving average of $8.40 and a 200-day simple moving average of $14.02.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONL. UBS Group AG raised its position in GraniteShares 2x Long COIN Daily ETF by 64.8% in the third quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock valued at $72,982,000 after purchasing an additional 767,632 shares during the period. Citigroup Inc. raised its position in GraniteShares 2x Long COIN Daily ETF by 11.6% in the third quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock valued at $112,737,000 after purchasing an additional 314,355 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter valued at approximately $814,000. Austin Wealth Management LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at approximately $662,000. Finally, Renaissance Technologies LLC raised its position in 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 valued at $1,342,000 after purchasing an additional 43,700 shares during the period.
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.
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