GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Sees Strong Trading Volume

Posted by Lisa Durand on May 8th, 2024

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL – Get Free Report) saw strong trading volume on Monday . 931,401 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 1,419,315 shares.The stock last traded at $55.29 and had previously closed at $50.31.

GraniteShares 2x Long COIN Daily ETF Price Performance

The company has a fifty day simple moving average of $61.47 and a two-hundred day simple moving average of $36.77.

GraniteShares 2x Long COIN Daily ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, February 29th. Investors of record on Wednesday, February 28th were given a $0.1086 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.30 annualized dividend and a dividend yield of 2.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CONL. APEIRON CAPITAL Ltd bought a new stake in GraniteShares 2x Long COIN Daily ETF during the first quarter valued at $10,224,000. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long COIN Daily ETF during the first quarter worth about $533,000. Finally, IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF in the 4th quarter valued at about $451,000.

About GraniteShares 2x Long COIN Daily ETF

(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.