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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,990,000 shares, an increase of 8.5% from the August 31st total of 4,600,000 shares. Based on an average daily trading volume, of 3,218,100 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long COIN Daily ETF stock. Simplex Trading LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,956 shares of the company’s stock, valued at approximately $533,000. Simplex Trading LLC owned 0.09% of GraniteShares 2x Long COIN Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long COIN Daily ETF Trading Down 16.1 %

Shares of NASDAQ CONL traded down $4.01 during mid-day trading on Tuesday, reaching $20.83. The company had a trading volume of 7,090,167 shares, compared to its average volume of 2,376,151. The firm has a 50 day simple moving average of $30.67 and a two-hundred day simple moving average of $46.22. GraniteShares 2x Long COIN Daily ETF has a 52-week low of $9.14 and a 52-week high of $87.37.

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.