GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Up 8.5% in September

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,990,000 shares, a growth of 8.5% from the August 31st total of 4,600,000 shares. Based on an average daily volume of 3,218,100 shares, the short-interest ratio is currently 1.6 days.

GraniteShares 2x Long COIN Daily ETF Trading Down 17.6 %

Shares of NASDAQ CONL traded down $4.36 during trading on Tuesday, reaching $20.48. The stock had a trading volume of 10,963,427 shares, compared to its average volume of 2,396,645. The business’s 50-day moving average price is $30.67 and its 200-day moving average price is $46.22. GraniteShares 2x Long COIN Daily ETF has a fifty-two week low of $9.14 and a fifty-two week high of $87.37.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long COIN Daily ETF stock. Simplex Trading LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,956 shares of the company’s stock, valued at approximately $533,000. Simplex Trading LLC owned 0.09% of GraniteShares 2x Long COIN Daily ETF at the end of the most recent reporting period.

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.