Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Up 249.3% in July

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,411 shares, a growth of 249.3% from the June 30th total of 4,985 shares. Based on an average trading volume of 22,022 shares, the short-interest ratio is currently 0.8 days. Approximately 2.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in Direxion Daily BA Bull 2X Shares during the second quarter valued at about $1,002,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily BA Bull 2X Shares in the 4th quarter worth about $302,000. Finally, Optiver Holding B.V. raised its holdings in shares of Direxion Daily BA Bull 2X Shares by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock worth $452,000 after purchasing an additional 5,535 shares during the period.

Direxion Daily BA Bull 2X Shares Price Performance

Direxion Daily BA Bull 2X Shares stock traded up $2.30 during trading on Tuesday, reaching $34.27. The company had a trading volume of 46,041 shares, compared to its average volume of 41,426. Direxion Daily BA Bull 2X Shares has a 12-month low of $26.38 and a 12-month high of $52.46. The stock’s 50 day moving average price is $35.08 and its two-hundred day moving average price is $38.57.

Direxion Daily BA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1486 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.59 annualized dividend 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.