Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Update

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 173,004 shares, a growth of 183.3% from the April 30th total of 61,069 shares. Based on an average daily volume of 85,515 shares, the short-interest ratio is currently 2.0 days. Currently, 36.8% of the shares of the stock are short sold.

Direxion Daily BA Bull 2X Shares Stock Up 1.6%

NASDAQ BOEU traded up $0.62 on Friday, hitting $39.43. 35,963 shares of the company’s stock were exchanged, compared to its average volume of 47,271. Direxion Daily BA Bull 2X Shares has a 52 week low of $26.38 and a 52 week high of $52.46. The stock has a 50-day moving average of $36.42 and a 200-day moving average of $38.37.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily BA Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE bought a new stake in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned about 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent 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.