GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Trading 9.3% Higher – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)’s share price rose 9.3% during mid-day trading on Friday . The stock traded as high as $52.35 and last traded at $52.70. Approximately 2,824,888 shares were traded during trading, a decline of 48% from the average daily volume of 5,443,063 shares. The stock had previously closed at $48.22.

GraniteShares 2x Long COIN Daily ETF Trading Up 8.3 %

The company has a fifty day moving average of $50.05 and a 200-day moving average of $39.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $8,079,000. Drive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth $7,614,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $2,412,000. Finally, SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $122,000.

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.