GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $30.88, but opened at $29.78. GraniteShares 2x Long COIN Daily ETF shares last traded at $29.6610, with a volume of 1,194,585 shares.
GraniteShares 2x Long COIN Daily ETF Trading Down 3.6%
The business has a 50-day simple moving average of $36.47 and a 200-day simple moving average of $35.78.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of CONL. Citigroup Inc. increased its holdings in shares of 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 in the last quarter. Stevens Capital Management LP acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $905,000. SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 12.3% during the third quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after acquiring an additional 4,526 shares in the last quarter. Sloy Dahl & Holst LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $426,000. Finally, GatePass Capital LLC raised its position in GraniteShares 2x Long COIN Daily ETF by 22.7% in the 2nd quarter. GatePass Capital LLC now owns 20,264 shares of the company’s stock valued at $935,000 after buying an additional 3,746 shares during the last quarter.
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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