Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Up 76.7% in June

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 13,747 shares, a growth of 76.7% from the May 31st total of 7,780 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 42,240 shares, the days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Direxion Daily BA Bull 2X Shares during the 4th quarter valued at about $302,000. Optiver Holding B.V. increased its holdings in shares of Direxion Daily BA Bull 2X Shares 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 buying an additional 5,535 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bull 2X Shares in the second quarter valued at approximately $1,002,000.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of BOEU opened at $34.64 on Thursday. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46. The stock has a 50 day simple moving average of $37.16 and a 200-day simple moving average of $39.07.

Direxion Daily BA Bull 2X Shares Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.7%.

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.