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 recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 10,091 shares, a decline of 23.9% from the December 31st total of 13,260 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,082 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 10,082 shares, the short-interest ratio is presently 1.0 days. Approximately 3.6% of the shares of the stock are short sold.

Direxion Daily Crypto Industry Bull 2X Shares Stock Performance

Shares of NYSEARCA LMBO traded down $2.26 during mid-day trading on Friday, hitting $22.14. 12,300 shares of the stock were exchanged, compared to its average volume of 12,415. The company has a market cap of $6.20 million, a P/E ratio of 32.27 and a beta of 5.61. The stock’s fifty day simple moving average is $25.24 and its two-hundred day simple moving average is $29.92. Direxion Daily Crypto Industry Bull 2X Shares has a twelve month low of $10.41 and a twelve month high of $48.40.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.0027 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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 second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.