Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Up 1,709.4% in March

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 37,092 shares, a growth of 1,709.4% from the February 26th total of 2,050 shares. Based on an average trading volume of 46,762 shares, the short-interest ratio is currently 0.8 days. Currently, 6.2% of the shares of the stock are short sold. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 46,762 shares, the short-interest ratio is currently 0.8 days.

Direxion Daily BA Bull 2X Shares Trading Down 3.0%

NASDAQ:BOEU opened at $29.77 on Wednesday. Direxion Daily BA Bull 2X Shares has a 12-month low of $26.38 and a 12-month high of $52.46. The stock has a 50-day moving average price of $42.61 and a 200 day moving average price of $39.33.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.162 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 2.2%.

Institutional Trading of 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 purchased a new position in Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.