Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Trading 0.3% Higher – Still a Buy?

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD)’s share price were up 0.3% during trading on Monday . The stock traded as high as $24.34 and last traded at $24.32. Approximately 1,878 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 1,605 shares. The stock had previously closed at $24.24.

Direxion Daily BRKB Bear 1X Shares Trading Up 0.3%

The company has a fifty day moving average price of $23.71 and a two-hundred day moving average price of $23.44.

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

A number of institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased 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. Bank of America Corp DE lifted its holdings in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% during the 3rd quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock worth $674,000 after acquiring an additional 4,413 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Direxion Daily BRKB Bear 1X Shares during the 3rd quarter worth about $229,000.

About Direxion Daily BRKB Bear 1X Shares

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.