GraniteShares 2x Long COIN Daily ETF (CONL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
5.65 USD
-0.85
(-13.077%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 5.64 -0.01 (-0.012%) ⇩ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:35 a.m. EDT
The 2x leverage structure has turned this vehicle into a volatility trap, erasing roughly two-thirds of its value year-to-date despite the underlying asset rising significantly. The recent price action shows a volatile recovery, but the heavy options positioning reveals that the market is pricing in a binary event—either a massive parabolic move or a total wipeout—rather than steady appreciation. With only a single dividend payment recorded in five years, there is no income floor to cushion the blow during these inevitable whipsaws. For a long-term holder, the compounding drag of daily rebalancing on a volatile asset is destroying capital faster than the underlying business can grow. It remains a speculative tool for tactical trading, not a core holding. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.330471 |
| AutoETS | 0.334450 |
| AutoTheta | 0.336304 |
| MSTL | 0.340392 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 31% |
| H-stat | 2.05 |
| Ljung-Box p | 0.001 |
| Jarque-Bera p | 0.528 |
| Excess Kurtosis | -0.12 |
As of Aug. 22, 2026, 4:35 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. Call Open Interest is heavily skewed out-of-the-money (OTM), suggesting bets on a massive upside surge, while Put Open Interest is concentrated deep in-the-money (ITM), indicating a hedge against a catastrophic collapse. This 'straddle' style positioning reflects the inherent whipsaw risk of a 2x leveraged daily product, where traders are buying insurance against both sides of a binary event.
| Date | Dividend | Yield % |
|---|---|---|
| 2024-02-27 | 0.109 | 0.234964 |
| Attribute | Value |
|---|---|
| All Time High | 87.368 |
| All Time Low | 3.56 |
| Ask | 4.12 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 29,162,400 |
| Average Daily Volume3 Month | 20,899,209 |
| Average Volume | 20,899,209 |
| Average Volume10Days | 29,162,400 |
| Beta3 Year | 8.04 |
| Bid | 4.09 |
| Bid Size | 1 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 6.37 |
| Day Low | 5.5 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 4.9151 |
| Fifty Day Average Change | 0.7349 |
| Fifty Day Average Change Percent | 0.14951883 |
| Fifty Two Week Change Percent | -79.22659 |
| Fifty Two Week High | 52.4 |
| Fifty Two Week High Change | -46.75 |
| Fifty Two Week High Change Percent | -0.89217556 |
| Fifty Two Week Low | 3.56 |
| Fifty Two Week Low Change | 2.0900002 |
| Fifty Two Week Low Change Percent | 0.5870787 |
| Fifty Two Week Range | 3.56 - 52.4 |
| First Trade Date Milliseconds | 1,660,138,200,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.85 |
| Fullday Change Percent | -13.0769 |
| Fullday Price | 5.6379 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,659,916,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund aims to generate 2 times the daily performance of the underlying stock for a single day. It is non-diversified. |
| Long Name | GraniteShares 2x Long COIN Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1780713210 |
| Nav Price | 5.91 |
| Net Assets | 413,995,136.0 |
| Net Expense Ratio | 1.04 |
| Open | 6.17 |
| Post Market Change | -0.01210022 |
| Post Market Change Percent | -0.21416318 |
| Post Market Price | 5.6379 |
| Post Market Time | 1,787,961,597 |
| Previous Close | 6.5 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.85 |
| Regular Market Change Percent | -13.0769 |
| Regular Market Day High | 6.37 |
| Regular Market Day Low | 5.5 |
| Regular Market Day Range | 5.5 - 6.37 |
| Regular Market Open | 6.17 |
| Regular Market Previous Close | 6.5 |
| Regular Market Price | 5.65 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 25,177,784 |
| Short Name | GraniteShares 2x Long COIN Dail |
| Source Interval | 15 |
| Symbol | CONL |
| Three Year Average Return | -0.1679427 |
| Total Assets | 413,995,136 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -48.58247 |
| Trailing Three Month Returns | -48.58247 |
| Triggerable | 1 |
| Two Hundred Day Average | 10.021575 |
| Two Hundred Day Average Change | -4.371575 |
| Two Hundred Day Average Change Percent | -0.43621635 |
| Type Disp | ETF |
| Volume | 25,177,784 |
| Yield | 0.0 |
| Ytd Return | -72.78308 |