Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) Sees Significant Drop in Short Interest

Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 12,437 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors 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 position in shares of Direxion Daily Crypto Industry Bull 2X Shares (NYSEARCA:LMBO) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,921 shares of the company’s stock after purchasing 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 at the end of the most recent quarter.

Direxion Daily Crypto Industry Bull 2X Shares Price Performance

Direxion Daily Crypto Industry Bull 2X Shares stock remained flat at $18.29 during midday trading on Friday. Direxion Daily Crypto Industry Bull 2X Shares has a 12-month low of $11.82 and a 12-month high of $48.40. The company has a market cap of $6.40 million, a PE ratio of 32.27 and a beta of -5.32. The firm’s 50 day simple moving average is $17.88 and its 200-day simple moving average is $25.71.

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.