Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Short Interest Up 70.0% in January

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,055 shares, a growth of 70.0% from the December 31st total of 3,561 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 2,319 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 2,319 shares, the days-to-cover ratio is presently 2.6 days. Approximately 6.1% of the shares of the stock are sold short.

Direxion Daily BRKB Bear 1X Shares Price Performance

Shares of BRKD opened at $24.24 on Monday. The stock’s 50 day moving average is $23.40 and its two-hundred day moving average is $23.54. Direxion Daily BRKB Bear 1X Shares has a 12 month low of $21.23 and a 12 month high of $25.42.

Direxion Daily BRKB Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1168 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.9%.

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

Large investors have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in Direxion Daily BRKB Bear 1X Shares during the 3rd quarter valued at about $229,000. Optiver Holding B.V. raised its holdings in Direxion Daily BRKB Bear 1X Shares by 139.6% in the 3rd quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock valued at $408,000 after buying an additional 10,362 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% in the 3rd quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock valued at $674,000 after acquiring an additional 4,413 shares during the period.

Direxion Daily BRKB Bear 1X Shares Company Profile

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.