Short Interest in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Decreases By 15.4%

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,340,000 shares, a drop of 15.4% from the February 28th total of 3,950,000 shares. Currently, 14.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,874,700 shares, the days-to-cover ratio is presently 0.6 days.

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

Institutional investors have recently modified their holdings of the stock. Drive Wealth Management LLC bought a new stake in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $7,614,000. SBI Securities Co. Ltd. bought a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter worth about $2,268,000. Prosperity Wealth Management Inc. acquired a new position in GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at approximately $1,314,000. Simplex Trading LLC grew its holdings in shares of GraniteShares 2x Long COIN Daily ETF by 362.9% during the fourth quarter. Simplex Trading LLC now owns 41,634 shares of the company’s stock valued at $1,469,000 after purchasing an additional 32,639 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 4th quarter worth approximately $836,000.

GraniteShares 2x Long COIN Daily ETF Trading Down 17.4 %

CONL traded down $2.71 during trading on Thursday, hitting $12.85. The company had a trading volume of 3,308,900 shares, compared to its average volume of 5,562,303. GraniteShares 2x Long COIN Daily ETF has a 1-year low of $12.45 and a 1-year high of $74.50. The business has a 50-day moving average of $29.10 and a 200-day moving average of $36.71.

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.