GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Stock Price Up 9.9% – What’s Next?

Posted by Stephan Jacobs on Nov 24th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares rose 9.9% on Friday . The company traded as high as $59.78 and last traded at $59.39. Approximately 10,174,089 shares changed hands during trading, an increase of 152% from the average daily volume of 4,041,298 shares. The stock had previously closed at $54.06.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock has a 50 day moving average price of $34.16 and a two-hundred day moving average price of $39.81.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $122,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $2,412,000. Finally, Citigroup Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $8,079,000.

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.