Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Stock Short Interest Declines 90.1%

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 20,935 shares, a decline of 90.1% from the August 31st total of 211,177 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 200,089 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily COIN Bull 2X ETF Trading Up 1.1%

CONX stock traded up $0.09 during midday trading on Thursday, reaching $7.98. 144,535 shares of the company’s stock traded hands, compared to its average volume of 95,651. The company has a 50-day simple moving average of $6.37 and a two-hundred day simple moving average of $7.82. Direxion Daily COIN Bull 2X ETF has a 1-year low of $4.34 and a 1-year high of $28.34.

About Direxion Daily COIN Bull 2X ETF

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.