GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Up 18.4%

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) were up 18.4% on Thursday . The company traded as high as $54.48 and last traded at $53.03. Approximately 3,337,702 shares changed hands during mid-day trading, an increase of 138% from the average daily volume of 1,402,234 shares. The stock had previously closed at $44.79.

GraniteShares 2x Long COIN Daily ETF Price Performance

The stock has a fifty day moving average price of $60.98 and a two-hundred day moving average price of $35.58.

GraniteShares 2x Long COIN Daily ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, February 29th. Stockholders of record on Wednesday, February 28th were issued a $0.1086 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.46%.

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. APEIRON CAPITAL Ltd purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at $10,224,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter valued at $533,000. Finally, IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at $451,000.

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.