GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Update

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 4,600,000 shares, a growth of 11.7% from the August 15th total of 4,120,000 shares. Based on an average daily volume of 3,088,400 shares, the days-to-cover ratio is currently 1.5 days.

GraniteShares 2x Long COIN Daily ETF Price Performance

CONL stock traded down $0.21 during midday trading on Wednesday, hitting $20.89. The stock had a trading volume of 1,196,039 shares, compared to its average volume of 2,211,976. The business has a 50-day moving average of $35.67 and a two-hundred day moving average of $48.94. GraniteShares 2x Long COIN Daily ETF has a 52-week low of $9.14 and a 52-week high of $87.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF during the 4th quarter valued at $451,000. APEIRON CAPITAL Ltd purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 1st quarter valued at about $10,224,000. Finally, Simplex Trading LLC bought a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the first quarter worth approximately $533,000.

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.