GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Up 6.1% – What’s Next?

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) rose 6.1% during mid-day trading on Friday . The company traded as high as $24.18 and last traded at $23.85. Approximately 3,694,926 shares traded hands during trading, a decline of 34% from the average daily volume of 5,609,525 shares. The stock had previously closed at $22.47.

GraniteShares 2x Long COIN Daily ETF Trading Up 6.8 %

The stock has a 50 day moving average of $39.83 and a 200-day moving average of $38.26.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $8,079,000. Drive Wealth Management LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $7,614,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at $2,412,000. SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $2,268,000. Finally, Simplex Trading LLC raised its position in GraniteShares 2x Long COIN Daily ETF by 362.9% during the 4th quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after purchasing an additional 32,639 shares in 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.