Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Sees Large Growth in Short Interest

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 26,379 shares, a growth of 52.0% from the December 31st total of 17,357 shares. Currently, 22.0% of the shares of the company are short sold. Based on an average daily volume of 5,084 shares, the short-interest ratio is presently 5.2 days. Based on an average daily volume of 5,084 shares, the short-interest ratio is presently 5.2 days. Currently, 22.0% of the shares of the company are short sold.

Direxion Daily BA Bear 1X Shares Trading Up 0.1%

Shares of Direxion Daily BA Bear 1X Shares stock traded up $0.02 on Friday, hitting $16.60. 19,632 shares of the company traded hands, compared to its average volume of 9,017. Direxion Daily BA Bear 1X Shares has a 52 week low of $15.31 and a 52 week high of $23.48. The business has a 50-day simple moving average of $17.95 and a 200 day simple moving average of $18.23.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.1173 dividend. This represents a $0.47 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Direxion Daily BA Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. raised its position in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,341 shares of the company’s stock after buying an additional 6,205 shares during the period. Optiver Holding B.V. owned about 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 at the end of the most recent reporting period.

About Direxion Daily BA Bear 1X Shares

The Direxion Daily BA Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) 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 inverse exposure to Boeing’s daily stock performance.