Short Interest in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Rises By 59.2%

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 12,100 shares, a growth of 59.2% from the September 15th total of 7,600 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Direxion Daily BA Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily BA Bear 1X Shares stock. Bank of America Corp DE acquired a new stake in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent reporting period.

Direxion Daily BA Bear 1X Shares Price Performance

NASDAQ:BOED opened at $18.35 on Thursday. Direxion Daily BA Bear 1X Shares has a 1 year low of $16.77 and a 1 year high of $23.48. The company has a 50 day moving average of $18.04.

Direxion Daily BA Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a $0.1982 dividend. This represents a $0.79 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 23rd. This is a positive change from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.13.

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.