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

by · The Cerbat Gem

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.40, but opened at $5.12. GraniteShares 2x Long COIN Daily ETF shares last traded at $5.39, with a volume of 5,141,166 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Trading Down 0.4%

The company has a fifty day moving average of $6.70 and a 200-day moving average of $9.36.

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

Several institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $44,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $78,000. Peapack Gladstone Financial Corp bought a new stake in GraniteShares 2x Long COIN Daily ETF in the second quarter worth approximately $293,000. Parallel Advisors LLC increased its stake in shares of GraniteShares 2x Long COIN Daily ETF by 353.3% during the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $149,000.

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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