Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Sees Significant Increase in Short Interest

Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDGet Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 26,379 shares, an increase of 52.0% from the December 31st total of 17,357 shares. Approximately 22.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,084 shares, the short-interest ratio is presently 5.2 days. Based on an average daily trading volume, of 5,084 shares, the short-interest ratio is presently 5.2 days. Approximately 22.0% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily BA Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. grew its stake in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDFree Report) by 197.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,341 shares of the company’s stock after buying an additional 6,205 shares during the quarter. Optiver Holding B.V. owned 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 at the end of the most recent quarter.

Direxion Daily BA Bear 1X Shares Stock Up 0.1%

BOED traded up $0.02 during midday trading on Friday, hitting $16.60. The stock had a trading volume of 19,632 shares, compared to its average volume of 9,017. Direxion Daily BA Bear 1X Shares has a 1 year low of $15.31 and a 1 year high of $23.48. The business has a fifty day moving average of $17.95 and a 200 day moving average of $18.23.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1173 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.47 annualized dividend and a dividend yield of 2.8%.

Direxion Daily BA Bear 1X Shares Company Profile

(Get Free Report)

The Direxion Daily BA Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) 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 inverse exposure to Boeing’s daily stock performance.

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