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

Posted by ABMN Staff on Dec 26th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $41.59, but opened at $43.14. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.51, with a volume of 1,588,666 shares traded.

GraniteShares 2x Long COIN Daily ETF Stock Up 8.4 %

The firm’s 50-day moving average price is $48.36 and its two-hundred day moving average price is $40.59.

Institutional Inflows and Outflows

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

GraniteShares 2x Long COIN Daily ETF Company Profile

(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.