GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price dropped 13.2% during mid-day trading on Tuesday . The company traded as low as $44.31 and last traded at $41.83. Approximately 1,708,325 shares traded hands during trading, a decline of 65% from the average daily volume of 4,867,004 shares. The stock had previously closed at $48.17.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company’s 50-day moving average price is $50.05 and its 200 day moving average price is $39.33.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CONL. SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $122,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $2,412,000. Drive Wealth Management LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $7,614,000. Finally, Citigroup Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth $8,079,000.
GraniteShares 2x Long COIN Daily ETF Company Profile
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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