GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Time to Sell?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.50, but opened at $33.41. GraniteShares 2x Long COIN Daily ETF shares last traded at $32.83, with a volume of 1,676,464 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock’s 50 day moving average is $26.24 and its two-hundred day moving average is $39.98.

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

An institutional investor recently bought a new position in GraniteShares 2x Long COIN Daily ETF stock. SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLFree Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 4,900 shares of the company’s stock, valued at approximately $122,000.

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.

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