GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 4,990,000 shares, an increase of 8.5% from the August 31st total of 4,600,000 shares. Based on an average trading volume of 3,218,100 shares, the days-to-cover ratio is presently 1.6 days.
GraniteShares 2x Long COIN Daily ETF Stock Down 16.1 %
Shares of CONL traded down $4.01 during mid-day trading on Tuesday, hitting $20.83. 7,090,167 shares of the company’s stock were exchanged, compared to its average volume of 2,376,151. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $46.22. GraniteShares 2x Long COIN Daily ETF has a fifty-two week low of $9.14 and a fifty-two week high of $87.37.
Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF
An institutional investor recently bought a new position in GraniteShares 2x Long COIN Daily ETF stock. APEIRON CAPITAL Ltd acquired a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 133,300 shares of the company’s stock, valued at approximately $10,224,000. GraniteShares 2x Long COIN Daily ETF accounts for approximately 4.1% of APEIRON CAPITAL Ltd’s portfolio, making the stock its 5th biggest position. APEIRON CAPITAL Ltd owned 1.54% 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.
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