Direxion Daily Crypto Industry Bull 2X ETF
LMBO
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Jul 17, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Crypto Industry Bull 2X Shares (LMBO) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Solactive Distributed Ledger & Decentralized Payment Tech Index. The fund provides amplified exposure to U.S.-listed companies engaged in distributed ledger technology, blockchain, decentralized finance, non-fungible tokens, and digital asset mining hardware; it achieves this through direct equity investments, derivatives such as swaps and futures, and other funds targeting growth and value stocks across market capitalizations. Top holdings include NVIDIA Corp., Mastercard Inc., PayPal Holdings Inc., Coinbase Global Inc., and Core Scientific Inc., with key sectors encompassing financial services, software, capital markets, and semiconductors. LMBO operates within the leveraged equity segment of the ETF industry, targeting sophisticated investors comfortable with high volatility and daily rebalancing risks associated with 2x leverage. The fund distributes income dividends quarterly, with recent payouts including $0.02138 per share on July 1, 2025, $0.03941 per share on April 1, 2025, and $0.05459 per share on October 1, 2024; its net expense ratio stands at 1.00%, supported by a contractual fee waiver through September 1, 2026. Assets under management approximate $6 million, with shares traded on NYSE Arca. Launched on July 17, 2024, LMBO forms part of Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, with Paul Brigandi and Tony Ng as portfolio managers. Direxion Investments, the fund sponsor, is headquartered in Rye Brook, New York, and concurrently introduced the inverse counterpart Direxion Daily Crypto Industry Bear 1X Shares (REKT) to offer paired bull and bear exposure to the crypto industry index. No major acquisitions, funding rounds, or strategic alliances have been reported for LMBO since inception, though the fund maintains an operating expense limitation agreement to cap costs amid ongoing market volatility.