Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Raises Dividend to $0.13 Per Share

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.1348 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a 15.4% increase from Direxion Daily BRKB Bear 1X Shares’s previous quarterly dividend of $0.12.

Direxion Daily BRKB Bear 1X Shares Stock Down 0.2%

NASDAQ:BRKD traded down $0.06 on Tuesday, reaching $24.26. 3,592 shares of the company’s stock were exchanged, compared to its average volume of 1,639. Direxion Daily BRKB Bear 1X Shares has a 52-week low of $21.23 and a 52-week high of $25.32. The business has a fifty day moving average of $23.71 and a 200-day moving average of $23.44.

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

A number of hedge funds have recently added to or reduced their stakes in BRKD. Susquehanna International Group LLP purchased a new position in Direxion Daily BRKB Bear 1X Shares in the 3rd quarter valued at approximately $229,000. Optiver Holding B.V. grew its stake in shares of Direxion Daily BRKB Bear 1X Shares by 139.6% in the third quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock worth $408,000 after acquiring an additional 10,362 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% during the third quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock worth $674,000 after acquiring an additional 4,413 shares during the period.

About Direxion Daily BRKB Bear 1X Shares

The Direxion Daily BRKB Bear 1X Shares (BRKD) is an exchange-traded fund that mostly invests in industrials equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Berkshire Hathaway Stock. BRKD was launched on Dec 11, 2024 and is issued by Direxion.