GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 4.4% during mid-day trading on Friday. The company traded as low as $5.79 and last traded at $5.65. 17,005,960 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 19,450,949 shares. The stock had previously closed at $5.91.
GraniteShares 2x Long COIN Daily ETF Trading Down 6.5%
The firm has a fifty day moving average price of $5.32 and a 200 day moving average price of $6.32.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. boosted its holdings in GraniteShares 2x Long COIN Daily ETF by 232.2% in the 1st quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after purchasing an additional 90,448 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth approximately $814,000. Crescent Grove Advisors LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at approximately $238,000. Group One Trading LLC raised its position in shares of GraniteShares 2x Long COIN Daily ETF by 431.4% during the 1st quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock valued at $198,000 after buying an additional 22,965 shares during the period. Finally, Flagstar Advisors Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the first quarter valued at 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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