Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Drops By 63.7%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 4,985 shares, a decline of 63.7% from the June 15th total of 13,747 shares. Based on an average daily volume of 16,609 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

Direxion Daily BA Bull 2X Shares Stock Performance

Shares of BOEU opened at $35.53 on Monday. The business has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $39.13. Direxion Daily BA Bull 2X Shares has a 52 week low of $26.38 and a 52 week high of $52.46.

Direxion Daily BA Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1486 dividend. This represents a $0.59 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several large investors have recently added to or reduced their stakes in BOEU. Jane Street Group LLC bought a new position in shares of Direxion Daily BA Bull 2X Shares in the fourth quarter worth approximately $302,000. Optiver Holding B.V. raised its position in shares of Direxion Daily BA Bull 2X Shares by 59.3% during the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock valued at $452,000 after purchasing an additional 5,535 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Direxion Daily BA Bull 2X Shares during the 2nd quarter valued at $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.