GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Time to Buy?

Posted by Stephan Jacobs on Dec 19th, 2024

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $58.71, but opened at $60.00. GraniteShares 2x Long COIN Daily ETF shares last traded at $54.82, with a volume of 2,926,575 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Stock Up 7.8 %

The business has a 50 day moving average price of $46.91 and a two-hundred day moving average price of $41.08.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth about $122,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the third quarter worth about $2,412,000. Finally, Citigroup Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at approximately $8,079,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

(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.