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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped up prior to trading on Monday . The stock had previously closed at $41.71, but opened at $44.46. GraniteShares 2x Long COIN Daily ETF shares last traded at $44.41, with a volume of 1,754,118 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm’s 50-day moving average price is $49.47 and its 200-day moving average price is $39.74.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $8,079,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $2,412,000. Finally, SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 3rd quarter valued at $122,000.

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.