Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) Stock Short Interest Jumps 481.1%

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,949 shares, a growth of 481.1% from the September 15th total of 3,949 shares. Based on an average trading volume of 101,678 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC purchased a new stake in Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned 0.97% of Direxion Daily BRKB Bull 2X ETF at the end of the most recent reporting period.

Direxion Daily BRKB Bull 2X ETF Price Performance

Shares of NASDAQ:BRKU traded up $0.40 during trading on Friday, hitting $23.55. 95,017 shares of the stock were exchanged, compared to its average volume of 180,036. Direxion Daily BRKB Bull 2X ETF has a 1-year low of $20.25 and a 1-year high of $26.80. The company’s fifty day simple moving average is $23.16 and its 200-day simple moving average is $22.34.

Direxion Daily BRKB Bull 2X ETF 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.