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 decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,830 shares, a decline of 51.6% from the February 26th total of 3,779 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 11,261 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily Crypto Industry Bull 2X Shares Trading Down 7.7%

Shares of Direxion Daily Crypto Industry Bull 2X Shares stock traded down $1.39 during trading hours on Thursday, reaching $16.72. 10,676 shares of the company’s stock were exchanged, compared to its average volume of 13,288. Direxion Daily Crypto Industry Bull 2X Shares has a 52-week low of $10.41 and a 52-week high of $48.40. The company has a fifty day moving average of $19.82 and a 200-day moving average of $27.49. The firm has a market capitalization of $4.68 million, a price-to-earnings ratio of 32.27 and a beta of 5.61.

Hedge Funds 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 raised its holdings in Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) by 13.5% in the 4th quarter, according to its most recent 13F 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 quarter. 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.

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.