GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Up – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped up prior to trading on Friday . The stock had previously closed at $24.61, but opened at $25.66. GraniteShares 2x Long COIN Daily ETF shares last traded at $28.27, with a volume of 4,555,609 shares trading hands.

GraniteShares 2x Long COIN Daily ETF Stock Up 17.4%

The firm has a 50 day moving average of $16.70 and a two-hundred day moving average of $34.34.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

A number of institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in GraniteShares 2x Long COIN Daily ETF by 2,654.7% during the first quarter. Headlands Technologies LLC now owns 3,223 shares of the company’s stock worth $45,000 after purchasing an additional 3,106 shares in the last quarter. XTX Topco Ltd purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth $143,000. IFP Advisors Inc purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth $28,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter worth $2,691,000. Finally, Optiver Holding B.V. boosted its position in GraniteShares 2x Long COIN Daily ETF by 545.6% during the fourth quarter. Optiver Holding B.V. now owns 28,078 shares of the company’s stock worth $991,000 after purchasing an additional 23,729 shares in the last quarter.

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.