GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $37.41, but opened at $39.55. GraniteShares 2x Long COIN Daily ETF shares last traded at $37.60, with a volume of 1,149,710 shares traded.
GraniteShares 2x Long COIN Daily ETF Stock Performance
The company has a 50 day simple moving average of $49.14 and a two-hundred day simple moving average of $39.94.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter worth $8,079,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at $2,412,000. Finally, SG Americas Securities LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth about $122,000.
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.
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