Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 52.2% in January

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 10,739 shares, a decrease of 52.2% from the December 31st total of 22,465 shares. Based on an average trading volume of 57,756 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.7% of the company’s stock are sold short. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 57,756 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of BOEU stock opened at $44.01 on Friday. Direxion Daily BA Bull 2X Shares has a 12 month low of $26.38 and a 12 month high of $52.46. The company’s fifty day simple moving average is $39.32 and its 200-day simple moving average is $41.15.

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 given 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. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.78 annualized dividend and a yield of 1.8%.

Institutional Trading of Direxion Daily BA Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily BA Bull 2X Shares stock. Bank of America Corp DE purchased a new stake in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned about 8.93% 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 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.