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

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped up prior to trading on Tuesday . The stock had previously closed at $41.59, but opened at $43.14. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.51, with a volume of 1,588,666 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Stock Up 8.4 %

The stock’s fifty day moving average is $48.36 and its 200-day moving average is $40.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $8,079,000. SG Americas Securities LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter worth approximately $122,000. Finally, IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000.

About GraniteShares 2x Long COIN Daily ETF

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.