GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 4.2% – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price were up 4.2% on Monday . The stock traded as high as $5.92 and last traded at $5.89. 7,916,958 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 18,902,125 shares. The stock had previously closed at $5.65.

GraniteShares 2x Long COIN Daily ETF Trading Down 12.0%

The business’s fifty day moving average is $4.94 and its 200 day moving average is $6.66.

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

Large investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at about $44,000. Parallel Advisors LLC lifted its holdings in shares of 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 valued at $48,000 after purchasing an additional 5,300 shares in the last quarter. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $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 worth $113,000 after buying an additional 5,900 shares during the period. Finally, Peapack Gladstone Financial Corp bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the second quarter worth about $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.