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

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

Direxion Daily BA Bull 2X Shares Stock Performance

Shares of BOEU stock traded down $0.16 on Friday, hitting $43.85. 42,024 shares of the stock traded hands, compared to its average volume of 64,651. Direxion Daily BA Bull 2X Shares has a 1-year low of $26.38 and a 1-year high of $52.46. The company’s fifty day moving average is $39.65 and its 200 day moving average is $41.12.

Direxion Daily BA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.1948 dividend. This is a boost from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.78 annualized dividend and a yield of 1.8%.

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

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.