Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Expands By 244.5%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 29,221 shares, an increase of 244.5% from the January 29th total of 8,483 shares. Currently, 10.4% of the shares of the stock are sold short. Based on an average trading volume of 19,521 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 19,521 shares, the short-interest ratio is presently 1.5 days. Currently, 10.4% of the shares of the stock are sold short.

Institutional Trading of 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 acquired a new stake in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 quarter.

Direxion Daily Crypto Industry Bull 2X Shares Stock Down 0.2%

Direxion Daily Crypto Industry Bull 2X Shares stock traded down $0.04 during mid-day trading on Thursday, hitting $19.17. The company’s stock had a trading volume of 12,343 shares, compared to its average volume of 13,984. The stock has a market capitalization of $5.37 million, a P/E ratio of 32.27 and a beta of 5.61. Direxion Daily Crypto Industry Bull 2X Shares has a twelve month low of $10.41 and a twelve month high of $48.40. The stock’s fifty day moving average price is $22.20 and its two-hundred day moving average price is $28.78.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

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