GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading 5% Higher – What’s Next?

Posted by Faye Duncan on Dec 4th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price shot up 5% on Monday . The stock traded as high as $57.07 and last traded at $56.06. 1,549,376 shares were traded during trading, a decline of 63% from the average session volume of 4,138,218 shares. The stock had previously closed at $53.38.

GraniteShares 2x Long COIN Daily ETF Stock Up 4.6 %

The company has a 50 day moving average of $39.03 and a 200-day moving average of $40.47.

Institutional Inflows and Outflows

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