Traders Purchase Large Volume of GraniteShares 2x Long COIN Daily ETF Call Options (NASDAQ:CONL)

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 13,157 call options on the stock. This is an increase of 75% compared to the average volume of 7,530 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at $44,000. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter worth about $78,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at about $149,000. Crescent Grove Advisors LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at about $238,000. Finally, Simplex Trading LLC lifted its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 1,390.9% in the 4th quarter. Simplex Trading LLC now owns 19,427 shares of the company’s stock valued at $285,000 after acquiring an additional 18,124 shares during the last quarter.

GraniteShares 2x Long COIN Daily ETF Price Performance

Shares of GraniteShares 2x Long COIN Daily ETF stock opened at $10.50 on Thursday. The stock has a 50 day moving average of $11.66 and a 200 day moving average of $23.91. GraniteShares 2x Long COIN Daily ETF has a 12 month low of $5.02 and a 12 month high of $72.35.

GraniteShares 2x Long COIN Daily ETF Company Profile

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.