Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Trading Down 0.2% – Here’s What Happened

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU)’s share price fell 0.2% during trading on Thursday . The company traded as low as $25.03 and last traded at $25.29. 196,947 shares were traded during trading, a decline of 32% from the average session volume of 291,211 shares. The stock had previously closed at $25.34.

Direxion Daily BRKB Bull 2X Shares Price Performance

The business’s 50-day simple moving average is $24.91 and its two-hundred day simple moving average is $24.86.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a $0.1543 dividend. This is a positive change from Direxion Daily BRKB Bull 2X Shares’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.62 annualized dividend and a dividend yield of 2.5%.

Hedge Funds Weigh In On Direxion Daily BRKB Bull 2X Shares

An institutional investor recently raised its position in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC grew its holdings in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) by 350.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 59,175 shares of the company’s stock after buying an additional 46,040 shares during the period. Jane Street Group LLC owned 3.95% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 at the end of the most recent reporting period.

About Direxion Daily BRKB Bull 2X Shares

The Direxion Daily BRKB Bull 2X Shares (BRKU) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Berkshire Hathaway Stock. BRKU was launched on Dec 11, 2024 and is issued by Direxion.