Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Drops By 87.1%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,779 shares, a decline of 87.1% from the February 12th total of 29,221 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 13,335 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 13,335 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily Crypto Industry Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily Crypto Industry Bull 2X Shares stock. Simplex Trading LLC bought a new stake in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,518 shares of the company’s stock, valued at approximately $63,000. Simplex Trading LLC owned approximately 1.26% of Direxion Daily Crypto Industry Bull 2X Shares at the end of the most recent reporting period.

Direxion Daily Crypto Industry Bull 2X Shares Stock Up 1.7%

NYSEARCA:LMBO traded up $0.32 during trading hours on Tuesday, reaching $18.75. 6,810 shares of the stock were exchanged, compared to its average volume of 14,274. Direxion Daily Crypto Industry Bull 2X Shares has a twelve month low of $10.41 and a twelve month high of $48.40. The business has a 50-day moving average of $21.39 and a two-hundred day moving average of $28.29. The company has a market capitalization of $5.25 million, a price-to-earnings ratio of 32.27 and a beta of 5.61.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

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

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.