GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – What’s Next?

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped down before the market opened on Tuesday . The stock had previously closed at $21.85, but opened at $20.76. GraniteShares 2x Long COIN Daily ETF shares last traded at $21.95, with a volume of 4,398,558 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Trading Up 6.3 %

The firm has a fifty day simple moving average of $39.44 and a 200 day simple moving average of $38.23.

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

Several hedge funds and other institutional investors have recently modified their holdings of CONL. Citigroup Inc. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the third quarter worth $8,079,000. Drive Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $7,614,000. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $2,268,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $1,314,000. Finally, Simplex Trading LLC grew its stake in shares of GraniteShares 2x Long COIN Daily ETF by 362.9% in the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock worth $1,469,000 after acquiring an additional 32,639 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.