Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Update

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 173,004 shares, an increase of 183.3% from the April 30th total of 61,069 shares. Approximately 36.8% of the shares of the company are sold short. Based on an average daily trading volume, of 85,515 shares, the days-to-cover ratio is presently 2.0 days.

Direxion Daily BA Bull 2X Shares Price Performance

NASDAQ BOEU traded up $0.62 during trading on Friday, reaching $39.43. 35,963 shares of the company’s stock were exchanged, compared to its average volume of 47,271. The business has a 50 day moving average price of $36.42 and a 200-day moving average price of $38.37. Direxion Daily BA Bull 2X Shares has a fifty-two week low of $26.38 and a fifty-two week high of $52.46.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.162 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 1.6%.

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

A hedge fund recently bought a new stake in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned about 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent reporting period.

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.