GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Up 5.7% – Still a Buy?

by · The Markets Daily

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shot up 5.7% during trading on Tuesday . The stock traded as high as $17.84 and last traded at $17.6570. 2,426,731 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 5,586,488 shares. The stock had previously closed at $16.71.

GraniteShares 2x Long COIN Daily ETF Stock Up 9.5%

The company has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $33.55.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Peapack Gladstone Financial Corp bought a new position in GraniteShares 2x Long COIN Daily ETF during the 2nd quarter worth $293,000. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $388,000. Sloy Dahl & Holst LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $426,000. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF in the 2nd quarter worth about $604,000. Finally, Stevens Capital Management LP bought a new stake in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $905,000.

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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