Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Up 700.0% in September

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 68,000 shares, a growth of 700.0% from the August 31st total of 8,500 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is currently 1.7 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. Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent quarter.

Direxion Daily BA Bull 2X Shares Trading Up 2.5%

NASDAQ:BOEU opened at $41.16 on Friday. Direxion Daily BA Bull 2X Shares has a twelve month low of $27.37 and a twelve month high of $52.46. The stock’s 50 day moving average is $44.89.

Direxion Daily BA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.1392 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.56 annualized dividend and a yield of 1.4%. This is a boost from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.10.

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.