GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price rose 36.6% on Wednesday . The company traded as high as $14.45 and last traded at $14.40. Approximately 4,994,487 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 6,024,677 shares. The stock had previously closed at $10.54.
GraniteShares 2x Long COIN Daily ETF Trading Up 33.2 %
The company’s fifty day simple moving average is $25.67 and its 200-day simple moving average is $36.35.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of hedge funds and other institutional investors have recently modified their holdings of CONL. Drive Wealth Management LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $7,614,000. SBI Securities Co. Ltd. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $2,268,000. Prosperity Wealth Management Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at about $1,314,000. Simplex Trading LLC grew its stake in GraniteShares 2x Long COIN Daily ETF by 362.9% in the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after purchasing an additional 32,639 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in GraniteShares 2x Long COIN Daily ETF by 545.6% in the fourth quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock valued at $991,000 after purchasing an additional 23,729 shares during the last quarter.
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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