GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Down 11.2% – Should You Sell?

Posted by Matthew Steigler on Nov 15th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) fell 11.2% during mid-day trading on Tuesday . The stock traded as low as $60.22 and last traded at $60.24. 15,834,789 shares changed hands during mid-day trading, an increase of 348% from the average session volume of 3,534,223 shares. The stock had previously closed at $67.81.

GraniteShares 2x Long COIN Daily ETF Trading Down 4.2 %

The firm has a fifty day simple moving average of $28.64 and a 200-day simple moving average of $39.22.

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

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at approximately $122,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $2,412,000. Finally, Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $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.