Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Sees Significant Drop in Short Interest

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 14,917 shares, a decrease of 43.5% from the January 15th total of 26,379 shares. Based on an average daily trading volume, of 12,432 shares, the days-to-cover ratio is currently 1.2 days. Currently, 12.4% of the shares of the stock are short sold. Currently, 12.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,432 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily BA Bear 1X Shares Price Performance

Direxion Daily BA Bear 1X Shares stock opened at $16.24 on Friday. Direxion Daily BA Bear 1X Shares has a fifty-two week low of $15.31 and a fifty-two week high of $23.48. The stock has a fifty day moving average of $17.16 and a two-hundred day moving average of $18.15.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1173 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.47 annualized dividend and a yield of 2.9%.

Institutional Investors Weigh In On Direxion Daily BA Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. lifted its position in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,341 shares of the company’s stock after buying an additional 6,205 shares during the quarter. Optiver Holding B.V. owned approximately 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 at the end of the most recent quarter.

Direxion Daily BA Bear 1X Shares Company Profile

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.