GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Unusually-High Trading Volume – What’s Next?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) saw an uptick in trading volume on Friday . 3,264,972 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 4,375,845 shares.The stock last traded at $43.24 and had previously closed at $43.58.

GraniteShares 2x Long COIN Daily ETF Trading Up 4.8 %

The business has a 50-day moving average of $47.36 and a 200 day moving average of $41.09.

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

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