Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Short Interest Update

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,055 shares, an increase of 70.0% from the December 31st total of 3,561 shares. Based on an average daily volume of 2,319 shares, the short-interest ratio is currently 2.6 days. Approximately 6.1% of the shares of the company are short sold. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 2,319 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Direxion Daily BRKB Bear 1X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRKD. Bank of America Corp DE boosted its holdings in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% in the 3rd quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock valued at $674,000 after purchasing an additional 4,413 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Direxion Daily BRKB Bear 1X Shares in the third quarter worth about $229,000. Finally, Optiver Holding B.V. boosted its position in Direxion Daily BRKB Bear 1X Shares by 139.6% in the third quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock worth $408,000 after purchasing an additional 10,362 shares during the last quarter.

Direxion Daily BRKB Bear 1X Shares Price Performance

Shares of NASDAQ BRKD traded down $0.24 during trading hours on Friday, reaching $24.24. 206 shares of the stock were exchanged, compared to its average volume of 1,295. The stock’s fifty day simple moving average is $23.40 and its 200 day simple moving average is $23.54. Direxion Daily BRKB Bear 1X Shares has a 52 week low of $21.23 and a 52 week high of $25.42.

Direxion Daily BRKB Bear 1X Shares Cuts 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 $0.1168 dividend. This represents a $0.47 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, December 23rd.

Direxion Daily BRKB Bear 1X Shares Company Profile

The Direxion Daily BRKB Bear 1X Shares (BRKD) is an exchange-traded fund that mostly invests in industrials equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Berkshire Hathaway Stock. BRKD was launched on Dec 11, 2024 and is issued by Direxion.