GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Large Volume Increase – Should You Buy?

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) shares saw an uptick in trading volume on Tuesday . 3,867,168 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 3,839,424 shares.The stock last traded at $63.78 and had previously closed at $66.34.

GraniteShares 2x Long COIN Daily ETF Trading Down 2.9 %

The firm’s 50-day moving average price is $31.90 and its two-hundred day moving average price is $39.50.

Hedge Funds Weigh In On GraniteShares 2x Long COIN Daily ETF

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Long COIN Daily ETF during the third quarter worth approximately $122,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $2,412,000. Finally, Citigroup Inc. purchased a new position in GraniteShares 2x Long COIN Daily ETF during the 3rd quarter worth $8,079,000.

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.