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

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) saw a significant 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. Based on an average daily volume of 95,326 shares, the short-interest ratio is presently 1.4 days. Approximately 5.1% of the company’s shares are sold short.

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 stake in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Direxion Daily COIN Bull 2X ETF Trading Up 6.8%

Shares of NASDAQ CONX traded up $0.40 during trading on Thursday, reaching $6.31. The stock had a trading volume of 42,505 shares, compared to its average volume of 64,784. The business’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 fifty-two week low of $5.46 and a fifty-two week high of $28.34.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

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

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.