GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Time to Sell?

Posted by ABMN Staff on Dec 28th, 2024

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $45.08, but opened at $43.60. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.60, with a volume of 1,162,101 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Down 6.3 %

The stock’s 50 day moving average price is $48.92 and its two-hundred day moving average price is $40.51.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CONL. Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $8,079,000. SG Americas Securities LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $122,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $2,412,000.

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.