Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Drops By 23.9%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 10,091 shares, a drop of 23.9% from the December 31st total of 13,260 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 10,082 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 10,082 shares, the days-to-cover ratio is currently 1.0 days. Currently, 3.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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) during the 2nd quarter, according to its most recent disclosure 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 1.26% of Direxion Daily Crypto Industry Bull 2X Shares as of its most recent SEC filing.

Direxion Daily Crypto Industry Bull 2X Shares Trading Down 5.3%

LMBO stock traded down $1.13 during midday trading on Tuesday, hitting $20.11. The company had a trading volume of 10,114 shares, compared to its average volume of 12,060. The stock has a market cap of $5.63 million, a price-to-earnings ratio of 32.27 and a beta of 5.61. The stock’s 50 day moving average price is $25.08 and its 200 day moving average price is $29.81. Direxion Daily Crypto Industry Bull 2X Shares has a 52 week low of $10.41 and a 52 week high of $48.40.

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 issued a dividend of $0.0027 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Direxion Daily Crypto Industry Bull 2X Shares Company Profile

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.