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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $43.10, but opened at $40.12. GraniteShares 2x Long COIN Daily ETF shares last traded at $40.70, with a volume of 3,291,096 shares traded.

GraniteShares 2x Long COIN Daily ETF Stock Up 1.1 %

The stock’s fifty day moving average price is $25.68 and its 200-day moving average price is $39.19.

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. IMC Chicago LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 & Exchange Commission.

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.