Short Interest in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Decreases By 37.2%

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,280,000 shares, a decline of 37.2% from the October 31st total of 5,220,000 shares. Based on an average daily volume of 9,140,200 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long COIN Daily ETF Stock Up 11.7 %

Shares of NASDAQ CONL traded up $6.18 during trading on Thursday, hitting $59.14. The company had a trading volume of 7,871,501 shares, compared to its average volume of 4,130,540. GraniteShares 2x Long COIN Daily ETF has a 12 month low of $16.63 and a 12 month high of $87.37. The stock has a 50 day simple moving average of $36.34 and a 200 day simple moving average of $40.07.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth approximately $122,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth $2,412,000. Finally, Citigroup Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth $8,079,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

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.