GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Up 6.1% – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares were up 6.1% during trading on Friday . The company traded as high as $24.18 and last traded at $23.85. Approximately 3,694,926 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 5,609,525 shares. The stock had previously closed at $22.47.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a 50-day simple moving average of $39.83 and a 200 day simple moving average of $38.26.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several institutional investors have recently made changes to their positions in CONL. Citigroup Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $8,079,000. Drive Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $7,614,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $2,412,000. SBI Securities Co. Ltd. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $2,268,000. Finally, Prosperity Wealth Management Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $1,314,000.

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.