GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Large Volume Increase – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares saw strong trading volume on Monday . 2,445,208 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 2,887,321 shares.The stock last traded at $34.05 and had previously closed at $31.06.

GraniteShares 2x Long COIN Daily ETF Stock Performance

The business’s 50 day moving average price is $26.24 and its 200-day moving average price is $39.98.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long COIN Daily ETF stock. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,091 shares of the company’s stock, valued at approximately $2,412,000. IMC Chicago LLC owned about 0.38% of GraniteShares 2x Long COIN Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.