GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Strong Trading Volume – Here’s Why

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw unusually-high trading volume on Tuesday . Approximately 3,211,177 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 2,600,930 shares.The stock last traded at $31.09 and had previously closed at $29.20.

GraniteShares 2x Long COIN Daily ETF Trading Up 0.5 %

The business has a 50-day moving average price of $26.12 and a two-hundred day moving average price of $42.72.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long COIN Daily ETF stock. APEIRON CAPITAL Ltd purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 133,300 shares of the company’s stock, valued at approximately $10,224,000. GraniteShares 2x Long COIN Daily ETF comprises 4.1% of APEIRON CAPITAL Ltd’s portfolio, making the stock its 5th biggest position. APEIRON CAPITAL Ltd owned 1.54% of GraniteShares 2x Long COIN Daily ETF at the end of the most recent quarter.

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.