GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped down prior to trading on Friday . The stock had previously closed at $5.01, but opened at $4.55. GraniteShares 2x Long COIN Daily ETF shares last traded at $4.86, with a volume of 6,032,912 shares.

GraniteShares 2x Long COIN Daily ETF Stock Down 2.4%

The firm has a fifty day moving average price of $6.13 and a 200-day moving average price of $8.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at $44,000. Parallel Advisors LLC raised its stake in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% during the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the period. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $78,000. NewEdge Advisors LLC boosted its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 58.0% in the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after buying an additional 5,900 shares during the last quarter. Finally, Flagstar Advisors Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in 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.