Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) Stock Price Down 0.2% – Time to Sell?

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

Direxion Daily BA Bear 1X Shares Stock Performance

The firm’s 50 day simple moving average is $18.59 and its 200-day simple moving average is $18.81.

Direxion Daily BA Bear 1X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.1982 per share. 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. This represents a $0.79 annualized dividend and a yield of 3.9%.

Institutional Investors 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. grew its holdings in Direxion Daily BA Bear 1X Shares (NASDAQ:BOED) by 197.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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.