Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Shares Down 8.9% – What’s Next?

Posted by Doug Wharley on May 23rd, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report)’s stock price was down 8.9% during mid-day trading on Friday . The stock traded as low as $8.78 and last traded at $8.79. Approximately 107,737 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 58,808 shares. The stock had previously closed at $9.65.

Direxion Daily COIN Bull 2X ETF Price Performance

The business has a fifty day moving average of $10.00.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.0689 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily COIN Bull 2X ETF stock. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $443,000. Goldman Sachs Group Inc. owned 0.12% of Direxion Daily COIN Bull 2X ETF at the end of the most recent quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily COIN Bull 2X ETF Company Profile

(Get Free Report)

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.