Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Down 46.0% in May

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 96,270 shares, a decrease of 46.0% from the April 30th total of 178,274 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 270,491 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily BRKB Bull 2X Shares Trading Up 1.0%

Shares of NASDAQ:BRKU traded up $0.20 during trading on Wednesday, reaching $20.94. The stock had a trading volume of 118,244 shares, compared to its average volume of 244,475. The stock has a fifty day simple moving average of $21.46 and a two-hundred day simple moving average of $23.28. Direxion Daily BRKB Bull 2X Shares has a 52 week low of $20.25 and a 52 week high of $26.80.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.1119 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.45 dividend on an annualized basis and a yield of 2.1%.

Hedge Funds Weigh In On Direxion Daily BRKB Bull 2X Shares

A number of institutional investors have recently made changes to their positions in BRKU. Jane Street Group LLC grew its holdings in Direxion Daily BRKB Bull 2X Shares by 350.5% in the 1st quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock valued at $1,882,000 after buying an additional 46,040 shares during the last quarter. Optiver Holding B.V. bought a new position in Direxion Daily BRKB Bull 2X Shares in the 3rd quarter worth approximately $139,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily BRKB Bull 2X Shares during the fourth quarter worth approximately $25,000.

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.