Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Shares Shorted: Short Interest Down 75.4% in October

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 44,706 shares, a decrease of 75.4% from the September 30th total of 181,971 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average trading volume of 100,740 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Direxion Daily BA Bull 2X ETF

A hedge fund recently raised its stake in Direxion Daily BA Bull 2X ETF stock. Optiver Holding B.V. grew its position in shares of Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) by 59.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,862 shares of the company’s stock after buying an additional 5,535 shares during the quarter. Optiver Holding B.V. owned 3.16% of Direxion Daily BA Bull 2X ETF worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily BA Bull 2X ETF Stock Performance

Shares of BOEU stock traded down $0.44 during trading hours on Friday, reaching $19.28. The company had a trading volume of 58,899 shares, compared to its average volume of 53,830. The business has a fifty day moving average price of $26.69 and a 200-day moving average price of $35.35. Direxion Daily BA Bull 2X ETF has a one year low of $18.05 and a one year high of $51.88.

Direxion Daily BA Bull 2X ETF 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.