Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 95.5% in May

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU – Get Free Report) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 7,780 shares, a decline of 95.5% from the May 14th total of 173,004 shares. Based on an average daily volume of 42,126 shares, the short-interest ratio is presently 0.2 days. Approximately 1.7% of the shares of the stock are short sold.

Direxion Daily BA Bull 2X Shares Stock Up 5.6%

NASDAQ BOEU traded up $1.81 during trading hours on Thursday, reaching $34.00. The company’s stock had a trading volume of 14,194 shares, compared to its average volume of 46,735. The firm’s 50-day moving average price is $37.21 and its 200-day moving average price is $38.64. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46.

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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 paid a $0.162 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 1.9%.

Hedge Funds Weigh In On Direxion Daily BA Bull 2X Shares

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of Direxion Daily BA Bull 2X Shares during the 2nd quarter valued at approximately $1,002,000. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily BA Bull 2X Shares by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock worth $452,000 after buying an additional 5,535 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily BA Bull 2X Shares during the 4th quarter worth $302,000.

Direxion Daily BA Bull 2X Shares Company Profile

(Get Free Report)

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.

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