Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Short Interest Update

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

Institutional Investors Weigh In On Direxion Daily Crypto Industry Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily Crypto Industry Bull 2X Shares stock. Simplex Trading LLC bought a new position in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 SEC filing.

Direxion Daily Crypto Industry Bull 2X Shares Price Performance

Shares of Direxion Daily Crypto Industry Bull 2X Shares stock traded down $0.85 during midday trading on Thursday, reaching $18.23. The company had a trading volume of 5,704 shares, compared to its average volume of 13,927. The stock has a fifty day moving average price of $21.28 and a 200 day moving average price of $28.16. 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 firm has a market cap of $5.10 million, a PE ratio of 32.27 and a beta of 5.61.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

The company also recently declared 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 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.