GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 7.6% during trading on Wednesday . The company traded as low as $4.79 and last traded at $4.86. 5,682,480 shares were traded during trading, a decline of 69% from the average session volume of 18,212,670 shares. The stock had previously closed at $5.26.
GraniteShares 2x Long COIN Daily ETF Trading Down 3.6%
The stock has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $9.19.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
Several institutional investors have recently added to or reduced their stakes in CONL. Summit Securities Group LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth approximately $44,000. Parallel Advisors LLC increased its stake in 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 valued at about $78,000. NewEdge Advisors LLC raised its holdings 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 valued at $113,000 after purchasing an additional 5,900 shares during the period. Finally, Flagstar Advisors Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth about $189,000.
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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