Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Short Interest Down 43.5% in January

Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDGet Free Report) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 14,917 shares, a decrease of 43.5% from the January 15th total of 26,379 shares. Currently, 12.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,432 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 12,432 shares, the days-to-cover ratio is currently 1.2 days. Currently, 12.4% of the shares of the stock are sold short.

Direxion Daily BA Bear 1X Shares Stock Performance

Shares of BOED opened at $16.09 on Friday. Direxion Daily BA Bear 1X Shares has a fifty-two week low of $15.31 and a fifty-two week high of $23.48. The firm has a 50 day moving average price of $17.09 and a 200-day moving average price of $18.15.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.1173 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, December 23rd.

Institutional Inflows and Outflows

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

Direxion Daily BA Bear 1X Shares Company Profile

(Get Free Report)

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.

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