GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 6.2% – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) rose 6.2% during mid-day trading on Tuesday . The company traded as high as $26.13 and last traded at $26.12. Approximately 1,543,764 shares changed hands during trading, a decline of 51% from the average daily volume of 3,149,143 shares. The stock had previously closed at $24.59.

GraniteShares 2x Long COIN Daily ETF Stock Up 9.6 %

The company has a 50 day moving average of $25.53 and a 200 day moving average of $39.30.

Hedge Funds 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 acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.