Direxion Daily BA Bear 1X Shares (NASDAQ:BOED – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 20,331 shares, a growth of 29.7% from the February 26th total of 15,675 shares. Based on an average daily volume of 18,492 shares, the days-to-cover ratio is currently 1.1 days. Approximately 16.9% of the company’s stock are short sold.
Direxion Daily BA Bear 1X Shares Stock Up 2.2%
BOED stock opened at $20.14 on Friday. The business has a 50-day moving average of $17.13 and a 200-day moving average of $18.22. Direxion Daily BA Bear 1X Shares has a fifty-two week low of $15.31 and a fifty-two week high of $23.48.
Direxion Daily BA Bear 1X Shares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.1449 dividend. This represents a $0.58 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, March 24th. This is a positive change from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.12.
Hedge Funds Weigh In On Direxion Daily BA Bear 1X Shares
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.
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