Drive Wealth Management LLC Invests $7.61 Million in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL)

Drive Wealth Management LLC acquired a new stake in GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 215,750 shares of the company’s stock, valued at approximately $7,614,000. GraniteShares 2x Long COIN Daily ETF comprises approximately 1.9% of Drive Wealth Management LLC’s holdings, making the stock its 14th biggest position. Drive Wealth Management LLC owned approximately 0.81% of GraniteShares 2x Long COIN Daily ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CONL. SG Americas Securities LLC acquired a new stake in shares of GraniteShares 2x Long COIN Daily ETF during the 3rd quarter valued at $122,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at about $2,412,000. Finally, Citigroup Inc. bought a new position in GraniteShares 2x Long COIN Daily ETF during the third quarter valued at about $8,079,000.

GraniteShares 2x Long COIN Daily ETF Stock Up 1.5 %

Shares of NASDAQ:CONL opened at $48.96 on Monday. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $39.39. GraniteShares 2x Long COIN Daily ETF has a 52-week low of $16.63 and a 52-week high of $87.37.

GraniteShares 2x Long COIN Daily ETF 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.