GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 9,330,117 shares traded hands during mid-day trading, an increase of 174% from the previous session’s volume of 3,399,253 shares.The stock last traded at $61.50 and had previously closed at $48.62.
GraniteShares 2x Long COIN Daily ETF Stock Down 3.2 %
The stock’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $39.07.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $122,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $2,412,000. Finally, Citigroup Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $8,079,000.
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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