GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s What Happened

Posted by Patrick Bannon on Jan 24th, 2025

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $47.79, but opened at $46.60. GraniteShares 2x Long COIN Daily ETF shares last traded at $47.56, with a volume of 1,201,984 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The stock has a 50-day simple moving average of $50.05 and a 200-day simple moving average of $39.33.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently modified their holdings of CONL. Citigroup Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF in the third quarter valued at approximately $8,079,000. Drive Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth $7,614,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $2,412,000. Finally, SG Americas Securities LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at $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.