Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Stock Price Down 3% – Here’s Why

Shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) fell 3% during trading on Friday . The stock traded as low as $18.13 and last traded at $18.25. 3,977 shares changed hands during trading, a decline of 13% from the average session volume of 4,593 shares. The stock had previously closed at $18.81.

Direxion Daily BA Bear 1X Shares Stock Performance

The stock’s 50 day simple moving average is $19.65 and its two-hundred day simple moving average is $18.75.

Direxion Daily BA Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a $0.1982 dividend. This is an increase from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.79 annualized dividend and a dividend yield of 4.3%.

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

A hedge fund recently raised its stake in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. grew its position in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,341 shares of the company’s stock after acquiring an additional 6,205 shares during the quarter. Optiver Holding B.V. owned about 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.