GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price were up 5.7% during mid-day trading on Tuesday . The company traded as high as $17.84 and last traded at $17.6570. Approximately 2,426,731 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 5,586,488 shares. The stock had previously closed at $16.71.
GraniteShares 2x Long COIN Daily ETF Stock Up 9.5%
The business’s fifty day moving average price is $20.35 and its 200 day moving average price is $33.55.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. grew its position in GraniteShares 2x Long COIN Daily ETF by 285.7% during the 2nd quarter. Citigroup Inc. now owns 2,700,000 shares of the company’s stock worth $124,551,000 after acquiring an additional 2,000,000 shares during the last quarter. UBS Group AG increased 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 valued at $72,982,000 after buying an additional 767,632 shares during the period. Jump Financial LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the second quarter valued at approximately $1,248,000. Stevens Capital Management LP bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $905,000. Finally, Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth approximately $604,000.
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.
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