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

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) saw a significant increase in short interest during the month of 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. Currently, 22.0% of the company’s shares are sold short. Based on an average trading volume of 5,084 shares, the days-to-cover ratio is presently 5.2 days. Based on an average trading volume of 5,084 shares, the days-to-cover ratio is presently 5.2 days. Currently, 22.0% of the company’s shares are sold short.

Direxion Daily BA Bear 1X Shares Price Performance

Shares of BOED traded up $0.02 during trading on Friday, reaching $16.60. 19,632 shares of the company traded hands, compared to its average volume of 9,017. The stock has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $18.23. Direxion Daily BA Bear 1X Shares has a twelve month low of $15.31 and a twelve month high of $23.48.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid 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 yield of 2.8%.

Hedge Funds Weigh In On 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. raised its stake in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,341 shares of the company’s stock after purchasing an additional 6,205 shares during the period. Optiver Holding B.V. owned about 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Direxion Daily BA Bear 1X Shares

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.