Short Interest in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Drops By 41.8%

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 76,452 shares, a drop of 41.8% from the March 31st total of 131,286 shares. Currently, 17.0% of the shares of the company are short sold. Based on an average daily volume of 23,581 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On 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 acquired a new position in shares of Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily BA Bull 2X Shares Stock Down 1.1%

Shares of BOEU stock opened at $40.49 on Tuesday. The stock’s 50-day moving average is $36.97 and its two-hundred day moving average is $38.28. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.162 per share. 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.