Prosperity Wealth Management Inc. Invests $1.31 Million in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)

Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,225 shares of the company’s stock, valued at approximately $1,314,000. Prosperity Wealth Management Inc. owned 0.16% of GraniteShares 2x Long COIN Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at $2,268,000. Drive Wealth Management LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at $7,614,000. Finally, Citigroup Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at $8,079,000.

GraniteShares 2x Long COIN Daily ETF Stock Performance

CONL stock opened at $17.81 on Wednesday. GraniteShares 2x Long COIN Daily ETF has a 12-month low of $15.14 and a 12-month high of $87.37. The company’s fifty day simple moving average is $37.09 and its 200 day simple moving average is $37.68.

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.