Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) Stock Short Interest Report for October

Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 10,123 shares, a decline of 77.4% from the October 15th total of 44,706 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 140,622 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily BA Bull 2X ETF Trading Down 0.3%

Shares of BOEU traded down $0.06 during midday trading on Friday, hitting $19.26. 70,976 shares of the company traded hands, compared to its average volume of 54,821. Direxion Daily BA Bull 2X ETF has a one year low of $18.05 and a one year high of $51.88. The stock has a 50-day moving average of $24.24 and a 200-day moving average of $33.73.

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

An institutional investor recently raised its stake in Direxion Daily BA Bull 2X ETF stock. Optiver Holding B.V. boosted its position in 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 institutional investor owned 14,862 shares of the company’s stock after purchasing an additional 5,535 shares during the quarter. Optiver Holding B.V. owned about 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 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.