Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Sees Significant Decrease in Short Interest

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 6,281 shares, a decrease of 62.3% from the July 30th total of 16,657 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 24,093 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily BA Bull 2X Shares Price Performance

BOEU traded down $0.09 during trading hours on Friday, hitting $30.61. 42,217 shares of the company’s stock were exchanged, compared to its average volume of 39,890. Direxion Daily BA Bull 2X Shares has a 12-month low of $26.38 and a 12-month high of $51.88. The firm has a 50 day moving average of $34.69 and a 200 day moving average of $36.67.

Direxion Daily BA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1486 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BOEU. Jane Street Group LLC purchased a new stake in Direxion Daily BA Bull 2X Shares in the fourth quarter valued at $302,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily BA Bull 2X Shares by 59.3% in the first quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock valued at $452,000 after acquiring an additional 5,535 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Direxion Daily BA Bull 2X Shares during the second quarter worth approximately $1,002,000.

About Direxion Daily BA Bull 2X Shares

The Direxion Daily BA Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of The Boeing Company (NYSE: BA). This ETF is designed for short-term tactical trading and aims to provide leveraged exposure to Boeing’s daily stock performance.