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

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 8,483 shares, a decline of 15.9% from the January 15th total of 10,091 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily volume of 14,820 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 14,820 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.0% of the company’s stock are sold short.

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

A hedge fund recently raised its stake in Direxion Daily Crypto Industry Bull 2X Shares stock. Jane Street Group LLC lifted its holdings in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,921 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Jane Street Group LLC owned approximately 3.90% of Direxion Daily Crypto Industry Bull 2X Shares worth $231,000 as of its most recent SEC filing.

Direxion Daily Crypto Industry Bull 2X Shares Trading Up 4.0%

Shares of LMBO stock opened at $17.55 on Monday. The firm has a market capitalization of $4.91 million, a P/E ratio of 32.27 and a beta of 5.61. The firm’s fifty day moving average price is $23.48 and its two-hundred day moving average price is $29.24. Direxion Daily Crypto Industry Bull 2X Shares has a 1 year low of $10.41 and a 1 year high of $48.40.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 annualized dividend 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.