Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Sees Large Increase in Short Interest

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,917 shares, a growth of 146.2% from the July 15th total of 2,809 shares. Based on an average daily volume of 62,625 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Direxion Daily BRKB Bull 2X Shares Stock Down 1.4%

Direxion Daily BRKB Bull 2X Shares stock opened at $23.07 on Friday. Direxion Daily BRKB Bull 2X Shares has a 12 month low of $20.25 and a 12 month high of $26.80. The company has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $22.50.

Direxion Daily BRKB Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1121 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.45 annualized dividend and a dividend yield of 1.9%.

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

An institutional investor recently raised its position in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC boosted its holdings in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) by 350.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,175 shares of the company’s stock after acquiring an additional 46,040 shares during the period. Jane Street Group LLC owned about 3.94% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 at the end of the most recent quarter.

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.