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

Posted by Cynthia Vaughn on Feb 3rd, 2025

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $46.29, but opened at $40.15. GraniteShares 2x Long COIN Daily ETF shares last traded at $43.43, with a volume of 2,295,740 shares.

GraniteShares 2x Long COIN Daily ETF Trading Down 5.6 %

The company’s 50 day moving average price is $48.22 and its 200 day moving average price is $39.20.

Institutional Investors Weigh In On GraniteShares 2x Long COIN Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $122,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $2,412,000. Drive Wealth Management LLC acquired a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter valued at $7,614,000. Finally, Citigroup Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at $8,079,000.

GraniteShares 2x Long COIN Daily ETF Company Profile

(Get Free Report)

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.