Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Stock Short Interest Declines 77.4%

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 10,123 shares, a drop of 77.4% from the October 15th total of 44,706 shares. Based on an average daily trading volume, of 140,622 shares, the short-interest ratio is currently 0.1 days. Approximately 0.8% of the company’s stock are sold short.

Direxion Daily BA Bull 2X ETF Stock Down 0.3%

BOEU stock opened at $19.96 on Thursday. The business has a 50 day moving average of $24.69 and a 200 day moving average of $34.03. Direxion Daily BA Bull 2X ETF has a twelve month low of $18.05 and a twelve month high of $51.88.

Institutional Investors Weigh In On Direxion Daily BA Bull 2X ETF

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

Direxion Daily BA Bull 2X ETF Company Profile

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.