Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Short Interest Update

Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDGet Free Report) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 20,331 shares, an increase of 29.7% from the February 26th total of 15,675 shares. Based on an average trading volume of 18,492 shares, the days-to-cover ratio is presently 1.1 days. Approximately 16.9% of the shares of the stock are short sold.

Direxion Daily BA Bear 1X Shares Stock Performance

NASDAQ:BOED opened at $20.14 on Friday. Direxion Daily BA Bear 1X Shares has a twelve month low of $15.31 and a twelve month high of $23.48. The company has a 50-day moving average of $17.13 and a 200-day moving average of $18.22.

Direxion Daily BA Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.1449 dividend. This is a positive change from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.58 annualized dividend and a dividend yield of 2.9%.

Institutional Trading of Direxion Daily BA Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily BA Bear 1X Shares stock. Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDFree Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $478,000. Bank of America Corp DE owned approximately 19.23% of Direxion Daily BA Bear 1X Shares at the end of the most recent quarter.

About Direxion Daily BA Bear 1X Shares

(Get Free Report)

The Direxion Daily BA Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) 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 inverse exposure to Boeing’s daily stock performance.

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