GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) was the target of some unusual options trading activity on Friday. Investors acquired 2,699 call options on the stock. This is an increase of approximately 158% compared to the average volume of 1,046 call options.
GraniteShares 2x Long COIN Daily ETF Stock Performance
CONL traded down $3.37 during midday trading on Friday, reaching $43.05. 2,170,799 shares of the company were exchanged, compared to its average volume of 1,789,228. GraniteShares 2x Long COIN Daily ETF has a one year low of $9.14 and a one year high of $87.37. The company’s fifty day moving average price is $49.96 and its 200 day moving average price is $46.04.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. APEIRON CAPITAL Ltd bought a new position in GraniteShares 2x Long COIN Daily ETF during the 1st quarter valued at $10,224,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth $451,000. Finally, Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at about $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.
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