GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Stock Price Down 7.1% – Should You Sell?

Posted by Latisha Jones on Dec 21st, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) fell 7.1% during mid-day trading on Thursday . The company traded as low as $41.92 and last traded at $42.38. 5,448,288 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 4,370,130 shares. The stock had previously closed at $45.63.

GraniteShares 2x Long COIN Daily ETF Trading Up 3.3 %

The stock’s 50-day simple moving average is $47.79 and its 200-day simple moving average is $41.05.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently modified their holdings of the stock. Citigroup Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at about $8,079,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at about $2,412,000. Finally, SG Americas Securities LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at approximately $122,000.

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.