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

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,824 shares, a decline of 87.7% from the September 30th total of 22,949 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 78,364 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily BRKB Bull 2X ETF

An institutional investor recently bought a new position in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC acquired a new stake in Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned about 0.97% of Direxion Daily BRKB Bull 2X ETF at the end of the most recent reporting period.

Direxion Daily BRKB Bull 2X ETF Stock Performance

Shares of BRKU traded down $0.31 during mid-day trading on Tuesday, reaching $26.19. The company’s stock had a trading volume of 51,730 shares, compared to its average volume of 175,510. Direxion Daily BRKB Bull 2X ETF has a 1-year low of $20.25 and a 1-year high of $26.80. The business has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $22.79.

About Direxion Daily BRKB Bull 2X ETF

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.