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

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the recipient of a large increase in short interest in 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 days-to-cover ratio is presently 1.3 days. Currently, 6.8% of the shares of the company are sold short.

Direxion Daily BA Bull 2X ETF Stock Up 5.2%

BOEU opened at $30.69 on Friday. The stock’s 50 day moving average price is $33.78 and its two-hundred day moving average price is $35.60. Direxion Daily BA Bull 2X ETF has a 12-month low of $26.38 and a 12-month high of $51.88.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. increased its position in Direxion Daily BA Bull 2X ETF by 59.3% during the first quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock worth $452,000 after acquiring an additional 5,535 shares during the period. Jane Street Group LLC bought a new stake in Direxion Daily BA Bull 2X ETF in the 4th quarter valued at $302,000. Finally, Bank of America Corp DE bought a new stake in Direxion Daily BA Bull 2X ETF in the 2nd quarter valued at $1,002,000.

About Direxion Daily BA Bull 2X ETF

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.