Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Grows By 249.3%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 17,411 shares, an increase of 249.3% from the June 30th total of 4,985 shares. Based on an average daily trading volume, of 22,022 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.7% of the shares of the stock are sold short.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of NASDAQ:BOEU traded up $0.45 during midday trading on Friday, reaching $31.65. 8,205 shares of the company’s stock were exchanged, compared to its average volume of 41,565. The company’s 50 day simple moving average is $35.16 and its two-hundred day simple moving average is $38.66. Direxion Daily BA Bull 2X Shares has a 12 month low of $26.38 and a 12 month high of $52.46.

Direxion Daily BA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1486 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of BOEU. Bank of America Corp DE acquired a new stake in Direxion Daily BA Bull 2X Shares in the 2nd quarter valued at $1,002,000. Optiver Holding B.V. grew its position in Direxion Daily BA Bull 2X Shares 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 acquiring an additional 5,535 shares during the period. Finally, Jane Street Group LLC acquired a new position in Direxion Daily BA Bull 2X Shares during the fourth quarter worth $302,000.

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.