Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Stock Price Down 6.4% – Here’s Why

Posted by James Quigley on Aug 11th, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report) shares traded down 6.4% on Monday . The stock traded as low as $4.95 and last traded at $4.97. 71,609 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 73,384 shares. The stock had previously closed at $5.31.

Direxion Daily COIN Bull 2X ETF Price Performance

The company has a 50 day moving average price of $6.10 and a 200 day moving average price of $8.79.

Direxion Daily COIN Bull 2X ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0317 dividend. This represents a $0.13 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend 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:CONX – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $443,000. Goldman Sachs Group Inc. owned 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.

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.