GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price were down 8.2% during trading on Thursday . The stock traded as low as $29.65 and last traded at $30.29. Approximately 2,231,538 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 2,964,625 shares. The stock had previously closed at $33.01.
GraniteShares 2x Long COIN Daily ETF Price Performance
The company has a 50-day simple moving average of $26.19 and a 200 day simple moving average of $39.93.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in GraniteShares 2x Long COIN Daily ETF stock. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 97,091 shares of the company’s stock, valued at approximately $2,412,000. IMC Chicago LLC owned 0.38% of GraniteShares 2x Long COIN Daily ETF at the end of the most recent quarter.
About GraniteShares 2x Long COIN Daily ETF
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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