Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Update

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,985 shares, a decline of 63.7% from the June 15th total of 13,747 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 16,609 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily BA Bull 2X Shares Stock Performance

Shares of Direxion Daily BA Bull 2X Shares stock opened at $35.53 on Monday. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46. The firm’s 50-day moving average is $36.79 and its 200 day moving average is $39.13.

Direxion Daily BA Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1486 dividend. 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOEU. Jane Street Group LLC purchased a new stake in shares of Direxion Daily BA Bull 2X Shares during the fourth quarter valued at $302,000. Optiver Holding B.V. lifted its stake in Direxion Daily BA Bull 2X Shares by 59.3% during the 1st 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, Bank of America Corp DE bought a new position in Direxion Daily BA Bull 2X Shares during the 2nd quarter valued at about $1,002,000.

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.