Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 62.3% in August

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 6,281 shares, a drop of 62.3% from the July 30th total of 16,657 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 24,093 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of NASDAQ:BOEU traded down $0.22 during mid-day trading on Friday, reaching $30.48. The stock had a trading volume of 12,172 shares, compared to its average volume of 39,694. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $51.88. The business’s 50 day moving average price is $34.81 and its 200 day moving average price is $36.72.

Direxion Daily BA Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1486 per share. This represents a $0.59 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BOEU. Jane Street Group LLC purchased a new stake in Direxion Daily BA Bull 2X Shares during the fourth quarter valued at $302,000. Optiver Holding B.V. increased its holdings in shares of Direxion Daily BA Bull 2X Shares by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock worth $452,000 after buying an additional 5,535 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Direxion Daily BA Bull 2X Shares in the 2nd quarter worth about $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.