GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $29.29, but opened at $31.89. GraniteShares 2x Long COIN Daily ETF shares last traded at $30.5920, with a volume of 2,764,483 shares.

GraniteShares 2x Long COIN Daily ETF Trading Up 6.5%

The business has a 50-day moving average of $36.48 and a 200-day moving average of $35.69.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of large investors have recently made changes to their positions in the company. Citigroup Inc. grew its holdings in GraniteShares 2x Long COIN Daily ETF by 11.6% during the 3rd quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock worth $112,737,000 after acquiring an additional 314,355 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of GraniteShares 2x Long COIN Daily ETF by 12.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after purchasing an additional 4,526 shares during the last quarter. Jump Financial LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter worth $1,248,000. Stevens Capital Management LP acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $905,000. Finally, GatePass Capital LLC increased its holdings in GraniteShares 2x Long COIN Daily ETF by 22.7% in the second 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

(Get Free Report)

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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