JPMorgan Chase & Co. Takes Position in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)

JPMorgan Chase & Co. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,696 shares of the company’s stock, valued at approximately $836,000. JPMorgan Chase & Co. owned about 0.10% of GraniteShares 2x Long COIN Daily ETF as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CONL. Simplex Trading LLC grew its position in shares of GraniteShares 2x Long COIN Daily ETF by 362.9% in the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after purchasing an additional 32,639 shares in the last quarter. Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth about $1,314,000. SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $2,268,000. Finally, Drive Wealth Management LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at about $7,614,000.

GraniteShares 2x Long COIN Daily ETF Stock Performance

Shares of CONL stock opened at $18.44 on Tuesday. GraniteShares 2x Long COIN Daily ETF has a 12 month low of $9.21 and a 12 month high of $73.88. The company’s fifty day moving average price is $17.67 and its 200-day moving average price is $35.53.

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.