Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Sees Significant Decline in Short Interest

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 10,091 shares, a drop of 23.9% from the December 31st total of 13,260 shares. Based on an average daily trading volume, of 10,082 shares, the days-to-cover ratio is currently 1.0 days. Currently, 3.6% of the shares of the company are sold short. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 10,082 shares, the days-to-cover ratio is currently 1.0 days.

Direxion Daily Crypto Industry Bull 2X Shares Trading Down 8.2%

Shares of NYSEARCA:LMBO traded down $1.74 during trading on Tuesday, reaching $19.50. The company had a trading volume of 10,114 shares, compared to its average volume of 12,050. The company has a fifty day moving average of $25.17 and a two-hundred day moving average of $29.87. Direxion Daily Crypto Industry Bull 2X Shares has a 12 month low of $10.41 and a 12 month high of $48.40. The stock has a market capitalization of $5.46 million, a P/E ratio of 32.27 and a beta of 5.61.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.0027 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily Crypto Industry Bull 2X Shares stock. Simplex Trading LLC purchased a new position in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,518 shares of the company’s stock, valued at approximately $63,000. Simplex Trading LLC owned about 1.26% of Direxion Daily Crypto Industry Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily Crypto Industry Bull 2X Shares

The Direxion Daily Crypto Industry Bull 2X Shares (LMBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks 2x the daily price movements of a market cap-weighted index of US companies involved in blockchain technology, NFT, decentralized finance, and digital asset mining hardware. LMBO was launched on Jul 17, 2024 and is issued by Direxion.