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

Shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) gapped down before the market opened on Tuesday . The stock had previously closed at $60.15, but opened at $55.07. GraniteShares 2x Long COIN Daily ETF shares last traded at $58.06, with a volume of 2,640,828 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The company’s fifty day simple moving average is $34.95 and its two-hundred day simple moving average is $39.84.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth approximately $122,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Finally, Citigroup Inc. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth $8,079,000.

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.