GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – What’s Next?

Posted by James Nelson on Dec 18th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $57.20, but opened at $55.69. GraniteShares 2x Long COIN Daily ETF shares last traded at $55.03, with a volume of 1,255,881 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Down 1.6 %

The business has a fifty day moving average of $46.43 and a 200-day moving average of $41.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $122,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth $2,412,000. Finally, Citigroup Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at $8,079,000.

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.