Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Short Interest Down 51.6% in March

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,830 shares, a decrease of 51.6% from the February 26th total of 3,779 shares. Based on an average daily volume of 11,261 shares, the short-interest ratio is currently 0.2 days. Currently, 0.7% of the company’s stock are short sold.

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

An institutional investor recently raised its position in Direxion Daily Crypto Industry Bull 2X Shares stock. Jane Street Group LLC increased its stake in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) by 13.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,921 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Jane Street Group LLC owned approximately 3.90% of Direxion Daily Crypto Industry Bull 2X Shares worth $231,000 at the end of the most recent reporting period.

Direxion Daily Crypto Industry Bull 2X Shares Price Performance

NYSEARCA LMBO traded down $1.39 during trading hours on Thursday, hitting $16.72. The company had a trading volume of 10,676 shares, compared to its average volume of 13,288. The firm’s 50 day moving average is $19.82 and its 200 day moving average is $27.49. 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 company has a market capitalization of $4.68 million, a price-to-earnings ratio of 32.27 and a beta of 5.61.

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.