GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading 2.1% Higher – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $7.09 and last traded at $6.95. 12,196,883 shares changed hands during trading, an increase of 10% from the average session volume of 11,127,552 shares. The stock had previously closed at $6.81.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm’s 50-day simple moving average is $13.16 and its two-hundred day simple moving average is $25.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CONL. Citigroup Inc. grew its position in shares of GraniteShares 2x Long COIN Daily ETF by 285.7% during the 2nd quarter. Citigroup Inc. now owns 2,700,000 shares of the company’s stock worth $124,551,000 after buying an additional 2,000,000 shares during the period. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the second quarter valued at approximately $604,000. Jump Financial LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the second quarter valued at approximately $1,248,000. Peapack Gladstone Financial Corp acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth $293,000. Finally, GatePass Capital LLC raised its position in shares of GraniteShares 2x Long COIN Daily ETF by 22.7% during the 2nd quarter. GatePass Capital LLC now owns 20,264 shares of the company’s stock valued at $935,000 after acquiring 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.