GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading Up 10.2% – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares shot up 10.2% on Friday . The company traded as high as $34.54 and last traded at $34.50. 1,778,128 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 2,716,066 shares. The stock had previously closed at $31.32.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock has a 50 day simple moving average of $26.26 and a two-hundred day simple moving average of $41.86.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long COIN Daily ETF stock. SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,900 shares of the company’s stock, valued at approximately $122,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

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.