Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Trading Up 0.7% – What’s Next?

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) shot up 0.7% during trading on Monday . The company traded as high as $23.63 and last traded at $23.63. 654 shares were traded during trading, a decline of 47% from the average session volume of 1,227 shares. The stock had previously closed at $23.47.

Direxion Daily BRKB Bear 1X Shares Price Performance

The firm’s 50-day moving average price is $23.48 and its two-hundred day moving average price is $23.44.

Direxion Daily BRKB Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.1168 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.47 dividend on an annualized basis and a yield of 2.0%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in Direxion Daily BRKB Bear 1X Shares during the third quarter valued at about $229,000. Optiver Holding B.V. increased its position in shares of Direxion Daily BRKB Bear 1X Shares by 139.6% during the third quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock worth $408,000 after purchasing an additional 10,362 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Direxion Daily BRKB Bear 1X Shares by 17.7% in the third quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock valued at $674,000 after buying an additional 4,413 shares during the last quarter.

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.