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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $23.99, but opened at $27.66. GraniteShares 2x Long COIN Daily ETF shares last traded at $25.56, with a volume of 4,700,279 shares traded.

GraniteShares 2x Long COIN Daily ETF Price Performance

The business has a fifty day moving average of $39.00 and a 200-day moving average of $38.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CONL. JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $836,000. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long COIN Daily ETF by 545.6% during the 4th quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock worth $991,000 after purchasing an additional 23,729 shares in the last quarter. Prosperity Wealth Management Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth approximately $1,314,000. Simplex Trading LLC boosted its position in shares of GraniteShares 2x Long COIN Daily ETF by 362.9% during the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after buying an additional 32,639 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at approximately $2,268,000.

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.