GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s Why

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $60.15, but opened at $55.07. GraniteShares 2x Long COIN Daily ETF shares last traded at $58.06, with a volume of 2,640,828 shares.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm has a 50-day moving average of $36.34 and a two-hundred day moving average of $40.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CONL. Citigroup Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $8,079,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $2,412,000. Finally, SG Americas Securities LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $122,000.

About GraniteShares 2x Long COIN Daily ETF

(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.

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