GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Large Volume Increase – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw an uptick in trading volume on Tuesday . 3,867,168 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 3,839,424 shares.The stock last traded at $63.78 and had previously closed at $66.34.

GraniteShares 2x Long COIN Daily ETF Trading Down 2.9 %

The company has a fifty day simple moving average of $31.90 and a two-hundred day simple moving average of $39.50.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Large investors have recently made changes to their positions in the company. Citigroup Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $8,079,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $2,412,000. Finally, SG Americas Securities LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at $122,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

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.