GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Down 2.3%

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) fell 2.3% on Thursday . The stock traded as low as $45.25 and last traded at $46.42. 1,856,558 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 1,787,629 shares. The stock had previously closed at $47.49.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm has a 50 day moving average price of $49.96 and a two-hundred day moving average price of $46.04.

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

Several large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth approximately $533,000. APEIRON CAPITAL Ltd acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth approximately $10,224,000. Finally, IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth approximately $451,000.

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.