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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,281 shares, a decrease of 62.3% from the July 30th total of 16,657 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 24,093 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily BA Bull 2X Shares Stock Down 0.7%

BOEU stock traded down $0.22 during trading on Friday, reaching $30.48. The stock had a trading volume of 12,172 shares, compared to its average volume of 39,694. The stock’s 50 day moving average is $34.81 and its two-hundred day moving average is $36.72. Direxion Daily BA Bull 2X Shares has a 52 week low of $26.38 and a 52 week high of $51.88.

Direxion Daily BA Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1486 dividend. This represents a $0.59 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

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

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.