Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Shares Shorted: Short Interest Up 372.7% in September

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 181,971 shares, an increase of 372.7% from the September 15th total of 38,493 shares. Approximately 19.2% of the shares of the company are short sold. Based on an average daily volume of 141,277 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Direxion Daily BA Bull 2X ETF stock. Optiver Holding B.V. grew its position in Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) by 59.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,862 shares of the company’s stock after acquiring an additional 5,535 shares during the period. Optiver Holding B.V. owned about 3.16% of Direxion Daily BA Bull 2X ETF worth $452,000 at the end of the most recent quarter.

Direxion Daily BA Bull 2X ETF Stock Performance

Shares of BOEU traded down $0.20 during trading hours on Monday, hitting $24.31. The stock had a trading volume of 35,872 shares, compared to its average volume of 48,649. The firm has a 50-day moving average price of $30.68 and a 200 day moving average price of $33.96. Direxion Daily BA Bull 2X ETF has a fifty-two week low of $23.00 and a fifty-two week high of $51.88.

About Direxion Daily BA Bull 2X ETF

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.