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 $6.39, but opened at $6.14. GraniteShares 2x Long COIN Daily ETF shares last traded at $6.77, with a volume of 11,765,700 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The stock’s 50-day moving average price is $8.06 and its 200 day moving average price is $12.53.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

A number of hedge funds have recently modified their holdings of CONL. Jump Financial LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the second quarter valued at about $1,248,000. Peapack Gladstone Financial Corp acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the second quarter worth about $293,000. SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long COIN Daily ETF by 12.3% during the third quarter. SBI Securities Co. Ltd. now owns 41,273 shares of the company’s stock worth $1,544,000 after purchasing an additional 4,526 shares during the last quarter. Stevens Capital Management LP acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $905,000. Finally, Citigroup Inc. increased its position in GraniteShares 2x Long COIN Daily ETF by 11.6% during the third quarter. Citigroup Inc. now owns 3,014,355 shares of the company’s stock worth $112,737,000 after purchasing an additional 314,355 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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