GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 5.5% – Should You Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price were up 5.5% on Monday . The company traded as high as $62.66 and last traded at $60.19. Approximately 2,094,228 shares changed hands during trading, a decline of 51% from the average daily volume of 4,317,093 shares. The stock had previously closed at $57.06.

GraniteShares 2x Long COIN Daily ETF Stock Down 2.6 %

The stock’s 50 day moving average is $46.43 and its two-hundred day moving average is $41.04.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth $122,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $2,412,000. Finally, Citigroup Inc. purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $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.