GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Strong Trading Volume – Time to Buy?

by · The Markets Daily

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw strong trading volume on Monday . 17,046,122 shares changed hands during trading, a decline of 12% from the previous session’s volume of 19,383,600 shares.The stock last traded at $6.9040 and had previously closed at $6.27.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The business has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $6.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in GraniteShares 2x Long COIN Daily ETF by 353.3% during the 1st quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after acquiring an additional 5,300 shares during the period. NewEdge Advisors LLC grew its holdings in GraniteShares 2x Long COIN Daily ETF by 58.0% during the first quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after acquiring an additional 5,900 shares during the period. Crescent Grove Advisors LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth approximately $238,000. Group One Trading LLC increased its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 431.4% in the first quarter. Group One Trading LLC now owns 28,288 shares of the company’s stock valued at $198,000 after buying an additional 22,965 shares in the last quarter. Finally, Flagstar Advisors Inc. acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 1st quarter worth about $189,000.

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.

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