GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.92, but opened at $5.43. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.31, with a volume of 6,915,754 shares traded.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The business’s 50-day moving average price is $6.43 and its 200-day moving average price is $9.02.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of CONL. Austin Wealth Management LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth about $662,000. UBS Group AG raised its stake in shares of GraniteShares 2x Long COIN Daily ETF by 64.8% in the third quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock worth $72,982,000 after buying an additional 767,632 shares during the period. Renaissance Technologies LLC lifted its position in shares of GraniteShares 2x Long COIN Daily ETF by 91.2% during the 4th quarter. Renaissance Technologies LLC now owns 91,600 shares of the company’s stock valued at $1,342,000 after buying an additional 43,700 shares in the last quarter. Jump Financial LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 2nd quarter valued at about $1,248,000. Finally, NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at approximately $149,000.

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.