Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 41.8% in April

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEUGet Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 76,452 shares, a decrease of 41.8% from the March 31st total of 131,286 shares. Approximately 17.0% of the shares of the stock are sold short. Based on an average trading volume of 23,581 shares, the days-to-cover ratio is presently 3.2 days.

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 purchased a new stake in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEUFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned about 8.93% of Direxion Daily BA Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of Direxion Daily BA Bull 2X Shares stock opened at $40.94 on Monday. The firm’s 50 day moving average is $37.09 and its 200 day moving average is $38.28. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.162 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 1.6%.

About Direxion Daily BA Bull 2X Shares

(Get Free Report)

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.

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