GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 1.7% – What’s Next?

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) traded up 1.7% during mid-day trading on Monday . The stock traded as high as $6.27 and last traded at $5.49. Approximately 21,779,358 shares changed hands during trading, an increase of 19% from the average session volume of 18,231,908 shares. The stock had previously closed at $5.40.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a 50-day moving average price of $7.38 and a 200 day moving average price of $10.42.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CONL. Citigroup Inc. grew its stake in shares of GraniteShares 2x Long COIN Daily ETF by 11.6% in the third quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock worth $112,737,000 after acquiring an additional 314,355 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 1,390.9% during the fourth quarter. Simplex Trading LLC now owns 19,427 shares of the company’s stock valued at $285,000 after acquiring an additional 18,124 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $149,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $78,000. Finally, Summit Securities Group LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $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.