GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) shares dropped 8.2% on Thursday . The company traded as low as $29.65 and last traded at $30.29. Approximately 2,231,538 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 2,964,625 shares. The stock had previously closed at $33.01.
GraniteShares 2x Long COIN Daily ETF Price Performance
The business’s 50-day simple moving average is $25.73 and its two-hundred day simple moving average is $39.61.
Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF
A hedge fund recently bought a new stake in GraniteShares 2x Long COIN Daily ETF stock. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,900 shares of the company’s stock, valued at approximately $122,000.
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.
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