Short Interest in Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Increases By 604.4%

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 44,245 shares, an increase of 604.4% from the August 15th total of 6,281 shares. Based on an average daily trading volume, of 34,182 shares, the short-interest ratio is presently 1.3 days. Approximately 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Direxion Daily BA Bull 2X ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Direxion Daily BA Bull 2X ETF during the 4th quarter valued at about $302,000. Optiver Holding B.V. lifted its position in Direxion Daily BA Bull 2X ETF 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 buying an additional 5,535 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Direxion Daily BA Bull 2X ETF in the second quarter worth approximately $1,002,000.

Direxion Daily BA Bull 2X ETF Stock Performance

Direxion Daily BA Bull 2X ETF stock opened at $29.16 on Friday. The firm’s fifty day moving average price is $33.91 and its 200-day moving average price is $35.63. Direxion Daily BA Bull 2X ETF has a fifty-two week low of $26.38 and a fifty-two week high of $51.88.

Direxion Daily BA Bull 2X ETF 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.