Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Sees Large Drop in Short Interest

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 44,706 shares, a decrease of 75.4% from the September 30th total of 181,971 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 100,740 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily BA Bull 2X ETF Stock Up 6.9%

Shares of BOEU stock traded up $1.28 on Thursday, hitting $19.72. 179,658 shares of the stock were exchanged, compared to its average volume of 53,778. The business has a 50-day moving average of $26.98 and a 200 day moving average of $35.47. Direxion Daily BA Bull 2X ETF has a fifty-two week low of $18.05 and a fifty-two week high of $51.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily BA Bull 2X ETF stock. Optiver Holding B.V. lifted its position in Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) by 59.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,862 shares of the company’s stock after buying an additional 5,535 shares during the quarter. Optiver Holding B.V. owned about 3.16% of Direxion Daily BA Bull 2X ETF worth $452,000 as of its most recent SEC filing.

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.