GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 18.4%

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price shot up 18.4% on Thursday . The stock traded as high as $54.48 and last traded at $53.03. 3,337,702 shares changed hands during trading, an increase of 138% from the average session volume of 1,402,234 shares. The stock had previously closed at $44.79.

GraniteShares 2x Long COIN Daily ETF Trading Up 18.4 %

The company has a fifty day moving average of $60.98 and a two-hundred day moving average of $35.58.

GraniteShares 2x Long COIN Daily ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 29th. Investors of record on Wednesday, February 28th were issued a dividend of $0.1086 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.30 annualized dividend and a yield of 2.46%.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. APEIRON CAPITAL Ltd purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter worth $10,224,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $451,000. Finally, Simplex Trading LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter worth $533,000.

About GraniteShares 2x Long COIN Daily ETF

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.