Short Interest in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Declines By 61.4%

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 51,324 shares, a decline of 61.4% from the May 31st total of 132,819 shares. Based on an average daily volume of 91,379 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Trading of 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. purchased a new position in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily COIN Bull 2X ETF Stock Performance

Direxion Daily COIN Bull 2X ETF stock traded down $0.47 on Tuesday, hitting $5.09. 169,521 shares of the stock traded hands, compared to its average volume of 67,237. Direxion Daily COIN Bull 2X ETF has a 1 year low of $4.73 and a 1 year high of $28.34. The business’s fifty day simple moving average is $8.55 and its 200 day simple moving average is $12.00.

Direxion Daily COIN Bull 2X ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.0317 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $0.13 dividend on an annualized basis and a yield of 2.5%.

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.