GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $47.79, but opened at $46.60. GraniteShares 2x Long COIN Daily ETF shares last traded at $47.56, with a volume of 1,201,984 shares traded.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a fifty day moving average of $50.05 and a two-hundred day moving average of $39.33.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently bought and sold shares of CONL. Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $8,079,000. Drive Wealth Management LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $7,614,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $2,412,000. Finally, SG Americas Securities LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $122,000.

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.