GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Should You Buy?

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $58.71, but opened at $60.00. GraniteShares 2x Long COIN Daily ETF shares last traded at $54.82, with a volume of 2,926,575 shares.

GraniteShares 2x Long COIN Daily ETF Trading Up 7.8 %

The business has a 50-day moving average of $46.91 and a 200 day moving average of $41.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth $8,079,000. SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $122,000. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $2,412,000.

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.

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