Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 22,949 shares, an increase of 481.1% from the September 15th total of 3,949 shares. Based on an average daily trading volume, of 101,678 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.3% of the shares of the stock are sold short.
Direxion Daily BRKB Bull 2X ETF Stock Performance
NASDAQ BRKU opened at $23.55 on Friday. The stock’s 50-day simple moving average is $23.16 and its two-hundred day simple moving average is $22.34. Direxion Daily BRKB Bull 2X ETF has a twelve month low of $20.25 and a twelve month high of $26.80.
Hedge Funds Weigh In On Direxion Daily BRKB Bull 2X ETF
An institutional investor recently bought a new stake in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC bought a new position in Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned approximately 0.97% of Direxion Daily BRKB Bull 2X ETF as of its most recent filing with the SEC.
About Direxion Daily BRKB Bull 2X ETF
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.
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