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

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares gapped down before the market opened on Friday . The stock had previously closed at $5.01, but opened at $4.55. GraniteShares 2x Long COIN Daily ETF shares last traded at $4.86, with a volume of 6,032,912 shares.

GraniteShares 2x Long COIN Daily ETF Price Performance

The firm has a 50-day simple moving average of $6.05 and a two-hundred day simple moving average of $8.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. UBS Group AG boosted its position in GraniteShares 2x Long COIN Daily ETF by 64.8% in the 3rd quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock valued at $72,982,000 after buying an additional 767,632 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter worth $814,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock worth $906,000 after acquiring an additional 90,448 shares during the period. Austin Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at $662,000. Finally, Renaissance Technologies LLC raised its stake in shares of GraniteShares 2x Long COIN Daily ETF by 91.2% in the fourth quarter. Renaissance Technologies LLC now owns 91,600 shares of the company’s stock valued at $1,342,000 after acquiring an additional 43,700 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.