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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,411 shares, a growth of 249.3% from the June 30th total of 4,985 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 22,022 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Direxion Daily BA Bull 2X Shares

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Direxion Daily BA Bull 2X Shares during the 4th quarter worth about $302,000. Optiver Holding B.V. grew its stake in Direxion Daily BA Bull 2X Shares by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock valued at $452,000 after buying an additional 5,535 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Direxion Daily BA Bull 2X Shares in the 2nd quarter valued at about $1,002,000.

Direxion Daily BA Bull 2X Shares Stock Up 3.8%

BOEU traded up $1.19 during trading hours on Monday, reaching $32.51. The company’s stock had a trading volume of 29,112 shares, compared to its average volume of 41,477. The company’s 50-day moving average is $35.16 and its 200-day moving average is $38.64. Direxion Daily BA Bull 2X Shares has a 52 week low of $26.38 and a 52 week high of $52.46.

Direxion Daily BA Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1486 dividend. This represents a $0.59 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 23rd.

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.