Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 52.2% in January

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 10,739 shares, a decline of 52.2% from the December 31st total of 22,465 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 57,756 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 57,756 shares, the short-interest ratio is presently 0.2 days. Approximately 1.7% of the company’s shares are short sold.

Institutional Trading of 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 purchased a new stake in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent reporting period.

Direxion Daily BA Bull 2X Shares Price Performance

BOEU stock opened at $46.95 on Thursday. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46. The firm has a 50-day moving average of $38.97 and a 200 day moving average of $41.13.

Direxion Daily BA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.1948 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, December 23rd. This is a boost from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12.

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.