Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Decreases By 60.8%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 22,465 shares, a decline of 60.8% from the December 15th total of 57,287 shares. Based on an average daily volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.2% of the company’s stock are sold short. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 34,995 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On 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 bought a new position in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company’s stock, valued at approximately $1,002,000. Bank of America Corp DE owned approximately 8.93% of Direxion Daily BA Bull 2X Shares at the end of the most recent quarter.

Direxion Daily BA Bull 2X Shares Stock Up 3.8%

BOEU stock opened at $48.08 on Wednesday. The business’s 50-day moving average is $35.11 and its two-hundred day moving average is $40.63. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46.

Direxion Daily BA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1948 dividend. This is an increase from Direxion Daily BA Bull 2X Shares’s previous quarterly dividend of $0.12. This represents a $0.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, December 23rd.

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.