Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Short Interest Down 16.6% in December
by Tristan Rich · The Markets DailyDirexion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 27,437 shares, a drop of 16.6% from the November 30th total of 32,907 shares. Based on an average daily trading volume, of 12,273 shares, the days-to-cover ratio is presently 2.2 days. Currently, 13.7% of the company’s stock are sold short. Currently, 13.7% of the company’s stock are sold short. Based on an average daily trading volume, of 12,273 shares, the days-to-cover ratio is presently 2.2 days.
Direxion Daily Crypto Industry Bull 2X Shares Trading Down 1.7%
Direxion Daily Crypto Industry Bull 2X Shares stock traded down $0.37 during midday trading on Thursday, hitting $21.18. The stock had a trading volume of 8,718 shares, compared to its average volume of 9,696. The business has a fifty day moving average price of $29.27 and a 200 day moving average price of $29.69. 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 $4.24 million, a P/E ratio of 32.27 and a beta of 5.61.
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 $0.0027 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, December 23rd.
Hedge Funds Weigh In On Direxion Daily Crypto Industry Bull 2X Shares
An institutional investor recently bought a new position in Direxion Daily Crypto Industry Bull 2X Shares stock. Simplex Trading LLC bought a new stake in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,518 shares of the company’s stock, valued at approximately $63,000. Simplex Trading LLC owned about 1.26% of Direxion Daily Crypto Industry Bull 2X Shares 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.