Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Stock Price Down 4.5% – Time to Sell?

Shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) were down 4.5% on Monday . The company traded as low as $35.81 and last traded at $35.91. 15,289 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 40,181 shares. The stock had previously closed at $37.59.

Direxion Daily BA Bull 2X Shares Stock Performance

The business has a fifty day moving average of $35.40 and a 200 day moving average of $37.34.

Direxion Daily BA Bull 2X Shares Announces Dividend

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 $0.1486 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.59 annualized dividend and a yield of 1.7%.

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

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. increased its position 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 valued at $452,000 after buying an additional 5,535 shares during the period. Jane Street Group LLC purchased a new stake in Direxion Daily BA Bull 2X Shares in the fourth quarter worth about $302,000. Finally, Bank of America Corp DE purchased a new stake in Direxion Daily BA Bull 2X Shares in the second quarter worth 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.