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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 22,465 shares, a decrease of 60.8% from the December 15th total of 57,287 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.2% of the company’s shares are short sold.

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

An institutional investor recently bought a new position in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE bought a new stake in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned about 8.93% of Direxion Daily BA Bull 2X Shares as of its most recent filing with the SEC.

Direxion Daily BA Bull 2X Shares Stock Performance

Shares of BOEU opened at $49.41 on Friday. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46. The stock’s 50-day moving average price is $35.73 and its two-hundred day moving average price is $40.74.

Direxion Daily BA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.1948 per share. This represents a $0.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change 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.