Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Sees Large Decrease in Short Interest

Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 11,772 shares, a drop 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 presently 2.8 days. Approximately 14.7% of the shares of the stock are sold short.

Direxion Daily BA Bear 1X Shares Stock Performance

Shares of NASDAQ BOED opened at $17.53 on Wednesday. Direxion Daily BA Bear 1X Shares has a 52 week low of $15.31 and a 52 week high of $23.48. The firm has a 50-day moving average price of $17.66 and a 200 day moving average price of $18.19.

Direxion Daily BA Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.1449 dividend. This represents a $0.58 annualized dividend and a dividend yield of 3.3%. This is a positive change from Direxion Daily BA Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily BA Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily BA Bear 1X Shares stock. Optiver Holding B.V. lifted its stake in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,341 shares of the company’s stock after purchasing an additional 6,205 shares during the period. Optiver Holding B.V. owned approximately 7.19% of Direxion Daily BA Bear 1X Shares worth $172,000 as of its most recent SEC filing.

Direxion Daily BA Bear 1X Shares Company Profile

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.