GraniteShares 2x Long COIN Daily ETF (CONL)
GraniteShares 2x Long COIN Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $4.07, down 6.65% on the session, giving a market capitalisation of $149.2M. Its beta of 8.16 implies it has historically moved more than the broad market.
This exchange-traded fund (ETF) is designed to deliver daily returns that are two times (200%) the daily percentage movement of Coinbase Global Inc.'s common stock, traded as COIN on NASDAQ, before accounting for its own fees and expenses. It is crucial to understand that the fund's ability to achieve this specified objective each day is not guaranteed. Importantly, due to its daily rebalancing mechanism, this fund is not intended to replicate double the cumulative performance of COIN for investment horizons extending beyond a single trading day.
GraniteShares 2x Long COIN Daily ETF is most often compared with the following Financial Services names: