Short Interest in Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Increases By 604.4%

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 44,245 shares, an increase of 604.4% from the August 15th total of 6,281 shares. Based on an average daily volume of 34,182 shares, the short-interest ratio is presently 1.3 days. Currently, 6.8% of the company’s shares are short sold.

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

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Direxion Daily BA Bull 2X ETF during the 2nd quarter worth approximately $1,002,000. Jane Street Group LLC bought a new stake in Direxion Daily BA Bull 2X ETF in the fourth quarter valued at approximately $302,000. Finally, Optiver Holding B.V. lifted its position in Direxion Daily BA Bull 2X ETF by 59.3% in the first 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 ETF Price Performance

Direxion Daily BA Bull 2X ETF stock opened at $29.16 on Friday. The firm has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $35.63. Direxion Daily BA Bull 2X ETF has a twelve month low of $26.38 and a twelve month high of $51.88.

Direxion Daily BA Bull 2X ETF 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.