GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 3.5% – Here’s Why

Posted by ABMN Staff on Nov 17th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price shot up 3.5% during trading on Friday . The stock traded as high as $51.50 and last traded at $51.07. 2,651,671 shares were traded during trading, a decline of 28% from the average session volume of 3,689,727 shares. The stock had previously closed at $49.33.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a 50-day simple moving average of $30.04 and a two-hundred day simple moving average of $39.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at about $122,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Finally, Citigroup Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth approximately $8,079,000.

About GraniteShares 2x Long COIN Daily ETF

(Get Free Report)

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.