Direxion Daily BA Bear 1X Shares (NASDAQ:BOED – Get 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:BOED – Free 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
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.
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