Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Sees Significant Growth in Short Interest

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 181,971 shares, a growth of 372.7% from the September 15th total of 38,493 shares. Based on an average daily volume of 141,277 shares, the days-to-cover ratio is currently 1.3 days. Approximately 19.2% of the shares of the company are sold short.

Direxion Daily BA Bull 2X ETF Trading Up 3.0%

Shares of NASDAQ:BOEU traded up $0.71 during trading on Friday, reaching $24.51. The company had a trading volume of 80,871 shares, compared to its average volume of 48,713. The stock’s fifty day moving average price is $30.68 and its 200 day moving average price is $33.94. Direxion Daily BA Bull 2X ETF has a fifty-two week low of $23.00 and a fifty-two week high of $51.88.

Hedge Funds 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 position in Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) by 59.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,862 shares of the company’s stock after buying an additional 5,535 shares during the quarter. Optiver Holding B.V. owned about 3.16% of Direxion Daily BA Bull 2X ETF worth $452,000 as of its most recent filing with the SEC.

About Direxion Daily BA Bull 2X ETF

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.