Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Update

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 173,004 shares, an increase of 183.3% from the April 30th total of 61,069 shares. Approximately 36.8% of the shares of the company are short sold. Based on an average daily volume of 85,515 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Direxion Daily BA Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily BA Bull 2X Shares stock. Jane Street Group LLC purchased a new position in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,891 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 1.32% of Direxion Daily BA Bull 2X Shares at the end of the most recent quarter.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of NASDAQ BOEU opened at $39.43 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 stock’s 50 day simple moving average is $36.42 and its 200 day simple moving average is $38.37.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.162 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 1.6%.

About Direxion Daily BA Bull 2X Shares

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.