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

by · The Markets Daily

Direxion Daily COIN Bull 2X ETF (NASDAQ:CONX – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 32,888 shares, an increase of 111.5% from the September 30th total of 15,549 shares. Based on an average daily volume of 115,567 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the shares of the stock are sold short.

Direxion Daily COIN Bull 2X ETF Stock Down 21.4%

Shares of CONX traded down $1.07 during trading hours on Friday, hitting $3.94. The company had a trading volume of 209,241 shares, compared to its average volume of 95,968. The stock’s 50 day moving average price is $6.62 and its 200 day moving average price is $8.43. Direxion Daily COIN Bull 2X ETF has a 52-week low of $3.52 and a 52-week high of $28.34.

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.

Read More