Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Stock Price Up 1% – Should You Buy?

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKUGet Free Report)’s share price rose 1% on Wednesday . The company traded as high as $26.34 and last traded at $26.18. Approximately 161,583 shares changed hands during trading, a decline of 44% from the average daily volume of 288,812 shares. The stock had previously closed at $25.93.

Direxion Daily BRKB Bull 2X Shares Price Performance

The stock has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $25.16.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.1543 dividend. This is a boost from Direxion Daily BRKB Bull 2X Shares’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, September 23rd. This represents a $0.62 annualized dividend and a yield of 2.4%.

Institutional Investors 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 increased its stake in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKUFree Report) by 350.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Direxion Daily BRKB Bull 2X Shares Company Profile

(Get Free Report)

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.

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