LMBO

Direxion Daily Crypto Industry Bull 2X Shares

$25.16

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) seeks to provide 2x the daily return of an index that tracks companies involved in the cryptocurrency industry.

Overview

ETF tracking Direxion Daily Crypto Industry Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-07-17

Market Cap $4.4M

Average Volume N/A

Dividend Yield 0.24%

52-Week Range $10.96 - $45.47

VWAP $25.71

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) seeks to provide 2x the daily return of an index that tracks companies involved in the cryptocurrency industry.

🎯 Investment Strategy

LMBO is a leveraged ETF that aims to achieve its investment objective by investing in financial instruments, such as swap agreements, that provide leveraged exposure to an index of crypto-related companies. The fund does not invest directly in cryptocurrencies.

✨ Key Features

Provides 2x the daily performance of the underlying index
Leveraged exposure to the cryptocurrency industry
Resets daily, so longer-term performance may differ from the target multiple
Relatively high expense ratio compared to non-leveraged funds

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and divergence from the target multiple over longer holding periods
Exposure to the cryptocurrency industry, which can be highly speculative and volatile
Counterparty risk associated with the swap agreements used to achieve the leveraged exposure

👤 Best For

LMBO is a highly speculative and risky investment that is only suitable for experienced, sophisticated investors with a high risk tolerance and a short-term investment horizon. It is not recommended for most retail investors.