GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Stock Price Down 11.2% – What’s Next?

Posted by Trevor Kearing on Nov 14th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) fell 11.2% during mid-day trading on Tuesday . The stock traded as low as $60.22 and last traded at $60.24. 15,834,789 shares traded hands during trading, an increase of 348% from the average session volume of 3,534,223 shares. The stock had previously closed at $67.81.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The business has a 50 day moving average price of $28.64 and a 200-day moving average price of $39.22.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CONL. SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $122,000. 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, Citigroup Inc. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at approximately $8,079,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

(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.