Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Drops By 87.4%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,050 shares, a drop of 87.4% from the February 12th total of 16,221 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 29,735 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 29,735 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s shares are sold short.

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

An institutional investor recently bought a new position in Direxion Daily BA Bull 2X Shares stock. Jane Street Group LLC acquired a new stake in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,891 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 1.32% of Direxion Daily BA Bull 2X Shares at the end of the most recent quarter.

Direxion Daily BA Bull 2X Shares Stock Performance

BOEU stock traded down $2.72 during midday trading on Tuesday, hitting $37.09. The company had a trading volume of 53,837 shares, compared to its average volume of 49,270. 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 price is $44.59 and its 200 day moving average price is $40.46.

Direxion Daily BA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1948 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 2.1%. This is an increase from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12.

Direxion Daily BA Bull 2X Shares Company Profile

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.