Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX) Stock Price Down 7% – Here’s Why

Posted by Defense World Staff on Apr 10th, 2026

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report)’s stock price fell 7% during trading on Thursday . The company traded as low as $7.70 and last traded at $7.88. 96,640 shares changed hands during trading, an increase of 103% from the average session volume of 47,572 shares. The stock had previously closed at $8.47.

Direxion Daily COIN Bull 2X ETF Trading Down 7.0%

The company has a fifty day simple moving average of $9.66.

Direxion Daily COIN Bull 2X ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.5%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily COIN Bull 2X ETF stock. Goldman Sachs Group Inc. acquired a new position in Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Free Report) during the fourth quarter, according to the company in its most recent 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 and hedge funds.

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.