Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Short Interest Up 323.7% in May

Posted by Francis Steltz on Jun 12th, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 132,819 shares, an increase of 323.7% from the May 14th total of 31,349 shares. Based on an average daily volume of 95,326 shares, the days-to-cover ratio is presently 1.4 days. Approximately 5.1% of the company’s stock are sold short.

Direxion Daily COIN Bull 2X ETF Trading Down 1.1%

Shares of NASDAQ CONX traded down $0.07 during midday trading on Friday, hitting $6.33. The company’s stock had a trading volume of 52,090 shares, compared to its average volume of 64,720. The business’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $13.53. Direxion Daily COIN Bull 2X ETF has a 1 year low of $5.46 and a 1 year high of $28.34.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.0689 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a yield of 4.4%.

Institutional Inflows and Outflows

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 Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. 8.97% of the stock is owned by institutional investors.

About Direxion Daily COIN Bull 2X ETF

(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.