GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares traded up 7.8% on Tuesday. The stock traded as high as $4.78 and last traded at $4.9250. 3,984,712 shares were traded during trading, a decline of 79% from the average session volume of 19,282,895 shares. The stock had previously closed at $4.57.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company has a 50-day moving average of $5.49 and a 200-day moving average of $6.06.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the period. Avior Wealth Management LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $69,000. NewEdge Advisors LLC raised its position in GraniteShares 2x Long COIN Daily ETF by 58.0% during the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after buying an additional 5,900 shares during the last quarter. Flagstar Advisors Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth $189,000. Finally, Group One Trading LLC raised its position in GraniteShares 2x Long COIN Daily ETF by 431.4% during the 1st quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after buying an additional 22,965 shares during the last quarter.
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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