Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Declines By 20.1%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,462 shares, a drop of 20.1% from the March 15th total of 1,830 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 12,437 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily Crypto Industry Bull 2X Shares Price Performance

LMBO stock remained flat at $18.29 during trading hours on Friday. The firm has a market capitalization of $6.40 million, a PE ratio of 32.27 and a beta of -5.32. The company’s fifty day moving average is $17.86 and its 200-day moving average is $25.84. Direxion Daily Crypto Industry Bull 2X Shares has a 1-year low of $11.82 and a 1-year high of $48.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Crypto Industry Bull 2X Shares stock. Jane Street Group LLC grew its position 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 Securities and Exchange Commission (SEC). The firm owned 10,921 shares of the company’s stock after buying 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 quarter.

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.