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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEUGet Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,985 shares, a decline of 63.7% from the June 15th total of 13,747 shares. Based on an average daily volume of 16,609 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.

Direxion Daily BA Bull 2X Shares Stock Up 1.5%

BOEU traded up $0.52 during trading on Wednesday, reaching $34.41. The stock had a trading volume of 9,984 shares, compared to its average volume of 42,789. Direxion Daily BA Bull 2X Shares has a one year low of $26.38 and a one year high of $52.46. The business has a 50-day moving average of $36.58 and a 200-day moving average of $39.05.

Direxion Daily BA Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1486 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. increased its stake in Direxion Daily BA Bull 2X Shares by 59.3% in the 1st 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 during the period. Jane Street Group LLC bought a new stake in Direxion Daily BA Bull 2X Shares during the 4th quarter valued at $302,000. Finally, Bank of America Corp DE purchased a new position in Direxion Daily BA Bull 2X Shares during the 2nd quarter valued at $1,002,000.

Direxion Daily BA Bull 2X Shares Company Profile

(Get Free Report)

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.

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