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

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 2,050 shares, a decline of 87.4% from the February 12th total of 16,221 shares. Based on an average daily volume of 29,735 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 29,735 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Direxion Daily BA Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily BA Bull 2X Shares stock. Jane Street Group LLC purchased a new position in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,891 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 1.32% of Direxion Daily BA Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily BA Bull 2X Shares Stock Performance

Shares of BOEU traded down $2.81 during mid-day trading on Thursday, reaching $33.21. The stock had a trading volume of 53,926 shares, compared to its average volume of 49,790. The business has a fifty day moving average of $44.51 and a 200 day moving average of $40.37. 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 firm also recently declared 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. This represents a $0.78 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Direxion Daily BA Bull 2X Shares Company Profile

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.