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

by · The Cerbat Gem

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $4.88, but opened at $4.57. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.0180, with a volume of 7,261,961 shares.

GraniteShares 2x Long COIN Daily ETF Stock Down 11.5%

The company’s 50 day simple moving average is $5.48 and its 200 day simple moving average is $6.08.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth $69,000. Parallel Advisors LLC grew its position in GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock valued at $48,000 after acquiring an additional 5,300 shares during the period. NewEdge Advisors LLC grew its position in GraniteShares 2x Long COIN Daily ETF by 58.0% during the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock valued at $113,000 after acquiring an additional 5,900 shares during the period. Optiver Holding B.V. grew its position in GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after acquiring an additional 90,448 shares during the period. Finally, Group One Trading LLC increased its stake in GraniteShares 2x Long COIN Daily ETF by 431.4% during the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock worth $198,000 after acquiring an additional 22,965 shares during the last quarter.

About GraniteShares 2x Long COIN Daily ETF

(Get Free Report)

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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