GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 13,803,371 shares, a growth of 53.4% from the July 15th total of 8,996,483 shares. Based on an average daily trading volume, of 18,296,808 shares, the short-interest ratio is presently 0.8 days. Approximately 14.2% of the shares of the stock are short sold.
GraniteShares 2x Long COIN Daily ETF Price Performance
NASDAQ:CONL opened at $4.03 on Tuesday. GraniteShares 2x Long COIN Daily ETF has a 52-week low of $3.56 and a 52-week high of $52.40. The stock has a fifty day moving average of $4.88 and a 200 day moving average of $6.88.
Institutional Trading of GraniteShares 2x Long COIN Daily ETF
A number of large investors have recently modified their holdings of the business. Summit Securities Group LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $44,000. Parallel Advisors LLC raised 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 bought a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $78,000. NewEdge Advisors LLC lifted its position in 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 last quarter. Finally, Flagstar Advisors Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 1st quarter worth approximately $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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