Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Update

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 146,372 shares, a growth of 35.9% from the March 15th total of 107,676 shares. Based on an average trading volume of 133,900 shares, the short-interest ratio is presently 1.1 days. Approximately 7.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily BRKB Bull 2X Shares in the fourth quarter worth approximately $25,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily BRKB Bull 2X Shares in the third quarter worth approximately $139,000. Finally, Jane Street Group LLC increased its position 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.

Direxion Daily BRKB Bull 2X Shares Price Performance

Shares of NASDAQ:BRKU traded down $0.13 on Wednesday, reaching $21.44. 134,285 shares of the company traded hands, compared to its average volume of 244,590. Direxion Daily BRKB Bull 2X Shares has a fifty-two week low of $20.75 and a fifty-two week high of $32.10. The company’s 50 day moving average is $22.97 and its 200-day moving average is $24.01.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.1119 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, March 24th.

Direxion Daily BRKB Bull 2X Shares Company Profile

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.