Short Interest in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Expands By 244.5%

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 29,221 shares, a growth of 244.5% from the January 29th total of 8,483 shares. Based on an average daily volume of 19,521 shares, the days-to-cover ratio is presently 1.5 days. Approximately 10.4% of the shares of the stock are sold short. Approximately 10.4% of the shares of the stock are sold short. Based on an average daily volume of 19,521 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds 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 increased its stake in 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 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 Stock Down 6.0%

Direxion Daily Crypto Industry Bull 2X Shares stock traded down $1.13 during midday trading on Friday, reaching $17.79. 20,765 shares of the stock traded hands, compared to its average volume of 14,427. The stock’s fifty day moving average is $22.03 and its 200-day moving average is $28.66. Direxion Daily Crypto Industry Bull 2X Shares has a 12 month low of $10.41 and a 12 month high of $48.40. The stock has a market cap of $4.98 million, a P/E ratio of 32.27 and a beta of 5.61.

Direxion Daily Crypto Industry Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.0027 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%.

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.