Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Short Interest Up 323.7% in May

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 132,819 shares, a growth of 323.7% from the May 14th total of 31,349 shares. Currently, 5.1% of the company’s stock are short sold. Based on an average daily volume of 95,326 shares, the short-interest ratio is presently 1.4 days.

Direxion Daily COIN Bull 2X ETF Stock Performance

Shares of Direxion Daily COIN Bull 2X ETF stock traded up $0.40 on Thursday, reaching $6.31. 42,505 shares of the company were exchanged, compared to its average volume of 64,784. The stock’s 50 day moving average price is $9.17 and its 200-day moving average price is $13.68. Direxion Daily COIN Bull 2X ETF has a 1-year low of $5.46 and a 1-year high of $28.34.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0689 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily COIN Bull 2X ETF

An institutional investor recently bought a new position in Direxion Daily COIN Bull 2X ETF stock. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $443,000. Goldman Sachs Group Inc. owned about 0.12% of Direxion Daily COIN Bull 2X ETF at the end of the most recent quarter. Institutional investors own 8.97% of the company’s stock.

Direxion Daily COIN Bull 2X ETF Company Profile

CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry. The company was incorporated in 2020 and is based in Littleton, Colorado.