GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Here’s Why

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $35.38, but opened at $38.31. GraniteShares 2x Long COIN Daily ETF shares last traded at $37.75, with a volume of 1,298,989 shares.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company has a fifty day simple moving average of $50.86 and a 200-day simple moving average of $39.33.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

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