Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Short Interest Update

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 31,349 shares, a decline of 45.1% from the April 30th total of 57,056 shares. Based on an average trading volume of 96,096 shares, the short-interest ratio is presently 0.3 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Trading of Direxion Daily COIN Bull 2X ETF

A hedge fund recently bought a new stake in Direxion Daily COIN Bull 2X ETF stock. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $443,000. Goldman Sachs Group Inc. owned approximately 0.12% of Direxion Daily COIN Bull 2X ETF as of its most recent SEC filing. 8.97% of the stock is owned by hedge funds and other institutional investors.

Direxion Daily COIN Bull 2X ETF Stock Up 3.4%

Shares of NASDAQ CONX traded up $0.23 during midday trading on Thursday, hitting $6.96. 15,984 shares of the company’s stock traded hands, compared to its average volume of 62,203. The company has a fifty day moving average price of $9.46. Direxion Daily COIN Bull 2X ETF has a 1 year low of $6.11 and a 1 year high of $28.34.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0689 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.