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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares saw strong trading volume on Monday . 2,088,618 shares were traded during trading, a decline of 48% from the previous session’s volume of 4,038,122 shares.The stock last traded at $55.94 and had previously closed at $57.34.

GraniteShares 2x Long COIN Daily ETF Stock Down 12.0 %

The company has a 50 day moving average price of $35.58 and a 200-day moving average price of $39.93.

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

Several institutional investors have recently bought and sold shares of CONL. Citigroup Inc. bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth about $8,079,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter valued at approximately $2,412,000. Finally, SG Americas Securities LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF during the third quarter worth 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.