Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Up 249.3% in July

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 17,411 shares, an increase of 249.3% from the June 30th total of 4,985 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 22,022 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of BOEU stock traded up $0.45 during trading hours on Friday, hitting $31.65. 8,205 shares of the company’s stock were exchanged, compared to its average volume of 41,565. Direxion Daily BA Bull 2X Shares has a 52 week low of $26.38 and a 52 week high of $52.46. The stock’s 50-day moving average is $35.16 and its 200-day moving average is $38.66.

Direxion Daily BA Bull 2X Shares Dividend Announcement

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bull 2X Shares in the second quarter worth about $1,002,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily BA Bull 2X Shares during the fourth quarter worth approximately $302,000. Finally, Optiver Holding B.V. lifted its position in shares of Direxion Daily BA Bull 2X Shares by 59.3% during the first quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock worth $452,000 after purchasing an additional 5,535 shares in the last quarter.

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.