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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $57.20, but opened at $55.69. GraniteShares 2x Long COIN Daily ETF shares last traded at $55.03, with a volume of 1,255,881 shares traded.

GraniteShares 2x Long COIN Daily ETF Trading Down 4.5 %

The company has a fifty day simple moving average of $47.36 and a two-hundred day simple moving average of $41.09.

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

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $122,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $2,412,000. Finally, Citigroup Inc. acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $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.