Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Declines By 96.0%

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKUGet Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,809 shares, a decrease of 96.0% from the June 30th total of 69,540 shares. Based on an average daily volume of 79,228 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily BRKB Bull 2X Shares

A hedge fund recently bought a new position in Direxion Daily BRKB Bull 2X Shares stock. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKUFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,020 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily BRKB Bull 2X Shares Stock Up 1.8%

NASDAQ BRKU traded up $0.39 on Friday, reaching $22.34. 56,243 shares of the company’s stock traded hands, compared to its average volume of 211,747. Direxion Daily BRKB Bull 2X Shares has a 12 month low of $20.25 and a 12 month high of $26.80. The stock has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $22.48.

Direxion Daily BRKB Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1121 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.45 annualized dividend and a yield of 2.0%.

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.

Further Reading

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