Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Short Interest Down 29.8% in March

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,213 shares, a decline of 29.8% from the March 15th total of 3,154 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,238 shares, the short-interest ratio is currently 1.8 days.

Direxion Daily BRKB Bear 1X Shares Price Performance

Shares of NASDAQ BRKD opened at $24.30 on Tuesday. The business has a 50-day moving average of $23.84 and a two-hundred day moving average of $23.55. Direxion Daily BRKB Bear 1X Shares has a 1 year low of $21.23 and a 1 year high of $25.32.

Direxion Daily BRKB Bear 1X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1348 per share. This is a positive change from Direxion Daily BRKB Bear 1X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.54 dividend on an annualized basis and a yield of 2.2%.

Institutional Trading of Direxion Daily BRKB Bear 1X Shares

Institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in Direxion Daily BRKB Bear 1X Shares during the 3rd quarter worth about $229,000. Optiver Holding B.V. lifted its holdings in shares of 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 purchasing an additional 10,362 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings 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 purchasing 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.