Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Sees Significant Drop in Short Interest

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 88,682 shares, a decline of 84.6% from the January 29th total of 575,442 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily trading volume, of 422,631 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 422,631 shares, the short-interest ratio is currently 0.2 days. Currently, 2.9% of the company’s shares are short sold.

Direxion Daily BRKB Bull 2X Shares Trading Down 0.2%

NASDAQ BRKU traded down $0.04 during trading hours on Wednesday, reaching $23.60. The company had a trading volume of 105,916 shares, compared to its average volume of 249,930. The stock has a 50-day moving average of $24.01 and a 200 day moving average of $24.65. Direxion Daily BRKB Bull 2X Shares has a 1-year low of $21.74 and a 1-year high of $32.47.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.2109 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. This is an increase from Direxion Daily BRKB Bull 2X Shares’s previous quarterly dividend of $0.15.

Institutional Trading of Direxion Daily BRKB Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily BRKB Bull 2X Shares during the fourth quarter worth $25,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily BRKB Bull 2X Shares in the third quarter valued at $139,000. Finally, Jane Street Group LLC raised its holdings in shares of Direxion Daily BRKB Bull 2X Shares by 350.5% in the 1st quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock valued at $1,882,000 after buying an additional 46,040 shares during the 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.