Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Sees Large Growth in Short Interest

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 20,331 shares, an increase of 29.7% from the February 26th total of 15,675 shares. Based on an average daily trading volume, of 18,492 shares, the short-interest ratio is currently 1.1 days. Approximately 16.9% of the company’s shares are short sold.

Direxion Daily BA Bear 1X Shares Stock Performance

BOED opened at $20.14 on Monday. Direxion Daily BA Bear 1X Shares has a 12 month low of $15.31 and a 12 month high of $23.48. The business’s 50-day moving average price is $17.13 and its 200-day moving average price is $18.23.

Direxion Daily BA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.1449 dividend. This is an increase from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.58 dividend on an annualized basis and a yield of 2.9%.

Institutional Trading of Direxion Daily BA Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. increased its position in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,341 shares of the company’s stock after buying an additional 6,205 shares during the quarter. Optiver Holding B.V. owned 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

About Direxion Daily BA Bear 1X Shares

The Direxion Daily BA Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) 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 inverse exposure to Boeing’s daily stock performance.