Short Interest in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Declines By 42.1%

Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDGet Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 11,772 shares, a decline of 42.1% from the March 15th total of 20,331 shares. Based on an average daily volume of 4,269 shares, the short-interest ratio is currently 2.8 days. Approximately 14.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily BA Bear 1X Shares stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOEDFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 25,000 shares of the company’s stock, valued at approximately $478,000. Bank of America Corp DE owned about 19.23% of Direxion Daily BA Bear 1X Shares as of its most recent filing with the SEC.

Direxion Daily BA Bear 1X Shares Stock Performance

BOED stock opened at $17.53 on Tuesday. The company has a 50 day moving average price of $17.64 and a 200 day moving average price of $18.19. Direxion Daily BA Bear 1X Shares has a fifty-two week low of $15.31 and a fifty-two week high of $23.48.

Direxion Daily BA Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.1449 dividend. This is a boost from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, March 24th. This represents a $0.58 annualized dividend and a yield of 3.3%.

About Direxion Daily BA Bear 1X Shares

(Get Free Report)

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.

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