Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 95.5% in May

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,780 shares, a decline of 95.5% from the May 14th total of 173,004 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 42,126 shares, the short-interest ratio is presently 0.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in shares of Direxion Daily BA Bull 2X Shares in the 2nd quarter valued at $1,002,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily BA Bull 2X Shares in the 4th quarter valued at $302,000. Finally, Optiver Holding B.V. lifted its stake in shares of 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 valued at $452,000 after purchasing an additional 5,535 shares during the last quarter.

Direxion Daily BA Bull 2X Shares Stock Performance

NASDAQ BOEU traded down $0.35 on Tuesday, reaching $33.95. 21,930 shares of the company were exchanged, compared to its average volume of 47,204. The business’s fifty day moving average price is $37.12 and its 200 day moving average price is $38.60. Direxion Daily BA Bull 2X Shares has a fifty-two week low of $26.38 and a fifty-two week high of $52.46.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.162 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 1.9%.

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.