GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $54.34, but opened at $57.68. GraniteShares 2x Long COIN Daily ETF shares last traded at $58.14, with a volume of 972,083 shares traded.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The company has a 50-day moving average of $42.80 and a 200-day moving average of $40.89.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in CONL. SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $122,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth about $2,412,000. Finally, Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $8,079,000.

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.