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

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

Institutional Investors Weigh In On 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 stake in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) in the fourth quarter, according to the company in its most recent 13F 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 approximately 0.12% of Direxion Daily COIN Bull 2X ETF as of its most recent SEC filing. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily COIN Bull 2X ETF Stock Performance

Shares of Direxion Daily COIN Bull 2X ETF stock remained flat at $8.47 on Tuesday. The stock had a trading volume of 125,784 shares, compared to its average volume of 62,664. Direxion Daily COIN Bull 2X ETF has a 1-year low of $6.11 and a 1-year high of $28.34. The business has a fifty day moving average price of $9.62.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.0689 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.28 annualized dividend and a dividend yield of 3.3%.

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.