GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 4.9% during mid-day trading on Friday. The company traded as low as $6.24 and last traded at $6.25. Approximately 5,265,382 shares were traded during trading, a decline of 73% from the average daily volume of 19,469,121 shares. The stock had previously closed at $6.57.
GraniteShares 2x Long COIN Daily ETF Stock Down 4.0%
The firm’s 50 day moving average price is $5.24 and its two-hundred day moving average price is $6.44.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the business. IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth approximately $814,000. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after purchasing an additional 90,448 shares during the last quarter. Flagstar Advisors Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the first quarter worth $189,000. Group One Trading LLC increased its stake in GraniteShares 2x Long COIN Daily ETF by 431.4% during the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock valued at $198,000 after purchasing an additional 22,965 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth $238,000.
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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