GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 3.5% – Here’s What Happened

Posted by Erica Schwartz on Nov 15th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price shot up 3.5% during mid-day trading on Friday . The stock traded as high as $51.50 and last traded at $51.07. 2,651,671 shares changed hands during trading, a decline of 28% from the average session volume of 3,689,727 shares. The stock had previously closed at $49.33.

GraniteShares 2x Long COIN Daily ETF Trading Up 9.6 %

The business’s 50-day simple moving average is $29.21 and its 200 day simple moving average is $39.29.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of hedge funds have recently bought and sold shares of CONL. Citigroup Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $8,079,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $2,412,000. Finally, SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $122,000.

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.