Short Interest in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Drops By 45.1%

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) was the recipient of a large 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. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 96,096 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily COIN Bull 2X ETF Stock Performance

CONX remained flat at $8.47 on Tuesday. 125,784 shares of the company traded hands, compared to its average volume of 62,664. Direxion Daily COIN Bull 2X ETF has a 12-month low of $6.11 and a 12-month high of $28.34. The firm’s 50-day moving average is $9.62.

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 paid a dividend of $0.0689 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a yield of 3.3%.

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. purchased a new position in shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period. 8.97% of the stock is owned by institutional investors.

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.