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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $37.59, but opened at $34.06. GraniteShares 2x Long COIN Daily ETF shares last traded at $34.30, with a volume of 1,145,451 shares.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock’s 50 day moving average price is $50.89 and its 200 day moving average price is $39.31.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of CONL. SG Americas Securities LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $122,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at $2,412,000. Finally, Citigroup Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter worth $8,079,000.

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.