Simplex Trading LLC Buys 32,639 Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)

Simplex Trading LLC boosted its stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) by 362.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,634 shares of the company’s stock after purchasing an additional 32,639 shares during the period. Simplex Trading LLC’s holdings in GraniteShares 2x Long COIN Daily ETF were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Citigroup Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $8,079,000. Drive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $7,614,000. SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at approximately $2,268,000. Finally, Prosperity Wealth Management Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $1,314,000.

GraniteShares 2x Long COIN Daily ETF Stock Down 15.7 %

GraniteShares 2x Long COIN Daily ETF stock opened at $14.14 on Friday. GraniteShares 2x Long COIN Daily ETF has a one year low of $14.00 and a one year high of $78.80. The stock’s 50 day moving average is $31.11 and its 200 day moving average is $36.72.

GraniteShares 2x Long COIN Daily ETF 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.