GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $5.02, but opened at $5.38. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.73, with a volume of 10,001,298 shares changing hands.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The firm’s 50 day simple moving average is $6.85 and its 200 day simple moving average is $9.56.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of large investors have recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at about $44,000. Parallel Advisors LLC lifted its stake in GraniteShares 2x Long COIN Daily ETF by 353.3% in 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 last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $78,000. NewEdge Advisors LLC boosted its position in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% during the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after buying an additional 5,900 shares during the period. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter valued at approximately $293,000.
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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