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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 10,739 shares, a decrease of 52.2% from the December 31st total of 22,465 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,756 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 57,756 shares, the short-interest ratio is presently 0.2 days. Currently, 1.7% of the shares of the stock are short sold.

Direxion Daily BA Bull 2X Shares Trading Down 2.2%

Shares of NASDAQ:BOEU opened at $46.95 on Thursday. Direxion Daily BA Bull 2X Shares has a 52-week low of $26.38 and a 52-week high of $52.46. The firm has a fifty day moving average of $38.97 and a 200 day moving average of $41.13.

Direxion Daily BA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.1948 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE acquired a new position in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent quarter.

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.