Direxion Daily BA Bull 2X ETF (NASDAQ:BOEU – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,245 shares, an increase of 604.4% from the August 15th total of 6,281 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 34,182 shares, the short-interest ratio is currently 1.3 days.
Direxion Daily BA Bull 2X ETF Stock Performance
BOEU stock traded up $1.53 during midday trading on Friday, hitting $30.69. The company’s stock had a trading volume of 35,256 shares, compared to its average volume of 39,678. Direxion Daily BA Bull 2X ETF has a 52-week low of $26.38 and a 52-week high of $51.88. The firm has a 50-day simple moving average of $33.78 and a 200-day simple moving average of $35.60.
Institutional Trading of Direxion Daily BA Bull 2X ETF
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in Direxion Daily BA Bull 2X ETF during the 2nd quarter worth $1,002,000. Jane Street Group LLC purchased a new stake in Direxion Daily BA Bull 2X ETF during the 4th quarter worth about $302,000. Finally, Optiver Holding B.V. raised its position in Direxion Daily BA Bull 2X ETF by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock valued at $452,000 after purchasing an additional 5,535 shares in the last quarter.
About Direxion Daily BA Bull 2X ETF
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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