Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Shares Down 6.4% – Time to Sell?

Posted by Don Miller on Aug 12th, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report) shares dropped 6.4% during mid-day trading on Monday . The stock traded as low as $4.95 and last traded at $4.97. Approximately 71,609 shares changed hands during trading, a decline of 2% from the average session volume of 73,384 shares. The stock had previously closed at $5.31.

Direxion Daily COIN Bull 2X ETF Stock Up 0.2%

The firm has a fifty day moving average of $6.03 and a 200-day moving average of $8.70.

Direxion Daily COIN Bull 2X ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0317 dividend. This represents a $0.13 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily COIN Bull 2X ETF

A hedge fund 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 – Free Report) during the fourth quarter, according to its most recent disclosure 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 about 0.12% of Direxion Daily COIN Bull 2X ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 8.97% of the stock is currently owned by institutional investors.

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.