Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Stock Price Down 0.2% – Here’s Why

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED)’s stock price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $20.20 and last traded at $20.27. 1,385 shares changed hands during trading, a decline of 67% from the average session volume of 4,258 shares. The stock had previously closed at $20.31.

Direxion Daily BA Bear 1X Shares Price Performance

The firm has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $18.81.

Direxion Daily BA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.1982 per share. This represents a $0.79 annualized dividend and a yield of 3.9%. This is a boost from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 23rd.

Hedge Funds Weigh In On Direxion Daily BA Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. raised its holdings in shares of Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,341 shares of the company’s stock after buying an additional 6,205 shares during the quarter. Optiver Holding B.V. owned about 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 as of its most recent SEC filing.

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.