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

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 44,706 shares, a decrease of 75.4% from the September 30th total of 181,971 shares. Based on an average trading volume of 100,740 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily BA Bull 2X ETF

A hedge fund recently raised its position in Direxion Daily BA Bull 2X ETF stock. Optiver Holding B.V. raised its holdings in shares of Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) by 59.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,862 shares of the company’s stock after buying an additional 5,535 shares during the quarter. Optiver Holding B.V. owned about 3.16% of Direxion Daily BA Bull 2X ETF worth $452,000 as of its most recent SEC filing.

Direxion Daily BA Bull 2X ETF Stock Performance

Shares of NASDAQ BOEU traded down $0.31 during midday trading on Wednesday, hitting $18.44. The stock had a trading volume of 252,505 shares, compared to its average volume of 53,153. The stock has a 50 day simple moving average of $27.31 and a 200-day simple moving average of $35.59. Direxion Daily BA Bull 2X ETF has a 1 year low of $18.05 and a 1 year high of $51.88.

Direxion Daily BA Bull 2X ETF Company Profile

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.