Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Short Interest Update

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 138,310 shares, a growth of 66.5% from the July 30th total of 83,050 shares. Based on an average daily volume of 100,850 shares, the short-interest ratio is currently 1.4 days. Currently, 5.3% of the shares of the stock are short sold.

Hedge Funds 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 shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Direxion Daily COIN Bull 2X ETF Trading Down 12.0%

Shares of CONX traded down $0.91 during midday trading on Tuesday, hitting $6.69. The company’s stock had a trading volume of 152,654 shares, compared to its average volume of 86,124. Direxion Daily COIN Bull 2X ETF has a one year low of $4.34 and a one year high of $28.34. The company’s fifty day simple moving average is $6.00 and its two-hundred day simple moving average is $8.06.

Direxion Daily COIN Bull 2X ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.0317 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.13 dividend on an annualized basis and a yield of 1.9%.

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.