Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Sees Significant Growth in Short Interest

Posted by Nicole Kennedy on Jun 13th, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report) was the recipient of a large 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 short-interest ratio is presently 1.4 days. Approximately 5.1% of the shares of the stock are short sold.

Direxion Daily COIN Bull 2X ETF Price Performance

Shares of NASDAQ:CONX opened at $6.33 on Friday. The firm has a fifty day moving average price of $9.11 and a two-hundred day moving average price of $13.53. Direxion Daily COIN Bull 2X ETF has a one year low of $5.46 and a one 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. Shareholders of record on Tuesday, March 24th were issued a $0.0689 dividend. This represents a $0.28 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of 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. acquired a new stake in shares of Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 filing with the SEC. Hedge funds and other institutional investors own 8.97% of the company’s stock.

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.