Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Stock Price Up 4.6% – Should You Buy?

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONXGet Free Report) shares shot up 4.6% during trading on Monday . The stock traded as high as $6.37 and last traded at $6.08. 124,705 shares were traded during trading, an increase of 77% from the average session volume of 70,382 shares. The stock had previously closed at $5.81.

Direxion Daily COIN Bull 2X ETF Stock Performance

The business has a 50-day simple moving average of $7.21 and a two-hundred day simple moving average of $10.31.

Direxion Daily COIN Bull 2X ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.0317 per share. This represents a $0.13 annualized dividend and a dividend yield of 2.1%. The ex-dividend date 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:CONXFree Report) during the fourth quarter, according to its most recent 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 about 0.12% of Direxion Daily COIN Bull 2X ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 8.97% of the company’s stock.

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.

Further Reading

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