GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Update

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 3,340,000 shares, a decrease of 15.4% from the February 28th total of 3,950,000 shares. Approximately 14.2% of the company’s stock are short sold. Based on an average daily volume of 5,874,700 shares, the days-to-cover ratio is currently 0.6 days.

GraniteShares 2x Long COIN Daily ETF Stock Up 9.2 %

NASDAQ:CONL traded up $1.30 on Wednesday, reaching $15.50. 4,004,424 shares of the stock traded hands, compared to its average volume of 5,542,570. GraniteShares 2x Long COIN Daily ETF has a 12 month low of $12.45 and a 12 month high of $74.50. The company’s fifty day simple moving average is $29.75 and its 200 day simple moving average is $36.86.

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

Several institutional investors and hedge funds have recently made changes to their positions in CONL. Drive Wealth Management LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at approximately $7,614,000. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $2,268,000. Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $1,314,000. Simplex Trading LLC lifted its holdings 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 purchasing an additional 32,639 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long COIN Daily ETF by 545.6% during the fourth quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock valued at $991,000 after buying an additional 23,729 shares during the last 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.