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

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 26,379 shares, a growth of 52.0% from the December 31st total of 17,357 shares. Based on an average daily volume of 5,084 shares, the short-interest ratio is presently 5.2 days. Approximately 22.0% of the company’s shares are short sold. Approximately 22.0% of the company’s shares are short sold. Based on an average daily volume of 5,084 shares, the short-interest ratio is presently 5.2 days.

Direxion Daily BA Bear 1X Shares Trading Down 0.4%

Shares of BOED stock traded down $0.06 on Monday, reaching $16.54. 1,809 shares of the stock were exchanged, compared to its average volume of 8,672. The firm has a 50 day moving average of $17.95 and a two-hundred day moving average of $18.24. Direxion Daily BA Bear 1X Shares has a 1-year low of $15.31 and a 1-year high of $23.48.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1173 per share. This represents a $0.47 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, December 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily BA Bear 1X Shares stock. Bank of America Corp DE purchased a new position in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $478,000. Bank of America Corp DE owned 19.23% of Direxion Daily BA Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily BA Bear 1X Shares Company Profile

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.