Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Decreases By 70.6%

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 178,274 shares, a drop of 70.6% from the April 15th total of 605,358 shares. Based on an average daily trading volume, of 241,297 shares, the short-interest ratio is presently 0.7 days. Approximately 6.5% of the company’s stock are sold short.

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

A number of hedge funds have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily BRKB Bull 2X Shares in the 4th quarter valued at about $25,000. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily BRKB Bull 2X Shares during the third quarter worth approximately $139,000. Finally, Jane Street Group LLC raised its holdings in Direxion Daily BRKB Bull 2X Shares by 350.5% in the first quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock valued at $1,882,000 after acquiring an additional 46,040 shares in the last quarter.

Direxion Daily BRKB Bull 2X Shares Stock Performance

NASDAQ:BRKU opened at $22.06 on Wednesday. Direxion Daily BRKB Bull 2X Shares has a 52 week low of $20.25 and a 52 week high of $28.86. The company has a fifty day simple moving average of $21.86 and a two-hundred day simple moving average of $23.51.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.1119 per share. This represents a $0.45 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.