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

Posted by Financial News Live on Nov 27th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $52.96, but opened at $56.11. GraniteShares 2x Long COIN Daily ETF shares last traded at $56.50, with a volume of 856,468 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Up 3.4 %

The stock has a 50 day moving average price of $35.58 and a 200-day moving average price of $39.93.

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

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

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.