Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Declines By 84.6%

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKUGet Free Report) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 88,682 shares, a drop of 84.6% from the January 29th total of 575,442 shares. Based on an average trading volume of 422,631 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.9% of the company’s stock are sold short. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 422,631 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily BRKB Bull 2X Shares Price Performance

NASDAQ BRKU opened at $23.60 on Thursday. The company’s fifty day simple moving average is $23.97 and its 200-day simple moving average is $24.64. Direxion Daily BRKB Bull 2X Shares has a 52 week low of $21.74 and a 52 week high of $32.47.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a 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

Several large investors have recently modified their holdings of the business. Jane Street Group LLC lifted its stake in shares of Direxion Daily BRKB Bull 2X Shares by 350.5% in the first quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock worth $1,882,000 after acquiring an additional 46,040 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Direxion Daily BRKB Bull 2X Shares during the 3rd quarter valued at approximately $139,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily BRKB Bull 2X Shares during the 4th quarter valued at approximately $25,000.

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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