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

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped up prior to trading on Monday . The stock had previously closed at $15.98, but opened at $17.44. GraniteShares 2x Long COIN Daily ETF shares last traded at $18.2540, with a volume of 3,999,743 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Trading Up 15.5%

The business’s 50-day moving average is $22.76 and its two-hundred day moving average is $34.59.

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

A number of large investors have recently modified their holdings of CONL. Peapack Gladstone Financial Corp acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth approximately $293,000. Scientech Research LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $388,000. Sloy Dahl & Holst LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $426,000. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter worth $604,000. Finally, Stevens Capital Management LP purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at $905,000.

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.