Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Up 129.0% in January

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 390,272 shares, an increase of 129.0% from the December 31st total of 170,407 shares. Approximately 14.7% of the company’s shares are short sold. Based on an average daily volume of 189,871 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 189,871 shares, the days-to-cover ratio is presently 2.1 days. Approximately 14.7% of the company’s shares are short sold.

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

A hedge fund recently raised its stake in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC grew its stake in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) by 350.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,175 shares of the company’s stock after acquiring an additional 46,040 shares during the period. Jane Street Group LLC owned 3.95% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 at the end of the most recent reporting period.

Direxion Daily BRKB Bull 2X Shares Stock Performance

Direxion Daily BRKB Bull 2X Shares stock traded up $0.43 during mid-day trading on Friday, reaching $22.53. The stock had a trading volume of 217,888 shares, compared to its average volume of 212,305. Direxion Daily BRKB Bull 2X Shares has a one year low of $21.74 and a one year high of $32.47. The company has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $24.57.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.2109 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. This is an increase from Direxion Daily BRKB Bull 2X Shares’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Direxion Daily BRKB Bull 2X Shares

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.