Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Declines By 60.8%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 22,465 shares, a drop of 60.8% from the December 15th total of 57,287 shares. Based on an average trading volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.2% of the shares of the stock are short sold. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily BA Bull 2X Shares

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 shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned approximately 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent quarter.

Direxion Daily BA Bull 2X Shares Stock Down 1.5%

Shares of NASDAQ BOEU opened at $47.38 on Thursday. The firm’s 50-day moving average is $35.39 and its two-hundred day moving average is $40.68. Direxion Daily BA Bull 2X Shares has a 12-month low of $26.38 and a 12-month high of $52.46.

Direxion Daily BA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.1948 per share. This is a boost from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, December 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 1.6%.

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.