GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Up 11.7% in August

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,600,000 shares, an increase of 11.7% from the August 15th total of 4,120,000 shares. Based on an average trading volume of 3,088,400 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $451,000. Simplex Trading LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter valued at about $533,000. Finally, APEIRON CAPITAL Ltd purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 1st quarter valued at approximately $10,224,000.

GraniteShares 2x Long COIN Daily ETF Stock Up 1.3 %

NASDAQ CONL opened at $21.10 on Wednesday. GraniteShares 2x Long COIN Daily ETF has a 12-month low of $9.14 and a 12-month high of $87.37. The firm’s fifty day simple moving average is $35.67 and its two-hundred day simple moving average is $48.94.

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.

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