GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.57, but opened at $5.91. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.5690, with a volume of 5,097,935 shares traded.

GraniteShares 2x Long COIN Daily ETF Trading Down 1.3%

The firm’s 50-day simple moving average is $5.09 and its 200 day simple moving average is $6.64.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the first quarter valued at approximately $814,000. Flagstar Advisors Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter valued at approximately $189,000. Crescent Grove Advisors LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $238,000. NewEdge Advisors LLC raised its holdings in GraniteShares 2x Long COIN Daily ETF by 58.0% in the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after purchasing an additional 5,900 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth $44,000.

GraniteShares 2x Long COIN Daily ETF Company 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.