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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped up before the market opened on Wednesday . The stock had previously closed at $52.96, but opened at $56.11. GraniteShares 2x Long COIN Daily ETF shares last traded at $56.50, with a volume of 856,468 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company has a fifty day simple moving average of $37.08 and a two-hundred day simple moving average of $40.20.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $122,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Finally, Citigroup Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter worth approximately $8,079,000.

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.