Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Stock Price Down 2.5% – Here’s Why

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) dropped 2.5% on Friday . The stock traded as low as $18.42 and last traded at $18.46. Approximately 12,155 shares changed hands during trading, an increase of 38% from the average daily volume of 8,826 shares. The stock had previously closed at $18.94.

Direxion Daily BA Bear 1X Shares Trading Down 2.5%

The company has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $18.07.

Direxion Daily BA Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.1173 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.5%.

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. boosted its position in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,341 shares of the company’s stock after acquiring an additional 6,205 shares during the period. Optiver Holding B.V. owned 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 at the end of the most recent quarter.

About Direxion Daily BA Bear 1X Shares

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.