Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Decreases By 15.9%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 8,483 shares, a decrease of 15.9% from the January 15th total of 10,091 shares. Based on an average trading volume of 14,820 shares, the short-interest ratio is currently 0.6 days. Currently, 3.0% of the shares of the stock are short sold. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 14,820 shares, the short-interest ratio is currently 0.6 days.

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 stake in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter.

Direxion Daily Crypto Industry Bull 2X Shares Stock Performance

Shares of LMBO stock opened at $17.55 on Monday. Direxion Daily Crypto Industry Bull 2X Shares has a fifty-two week low of $10.41 and a fifty-two week high of $48.40. The stock’s fifty day moving average price is $23.48 and its two-hundred day moving average price is $29.24. The company has a market cap of $4.91 million, a PE ratio of 32.27 and a beta of 5.61.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

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

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.