Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Sees Significant Increase in Short Interest

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 6,917 shares, an increase of 146.2% from the July 15th total of 2,809 shares. Based on an average daily trading volume, of 62,625 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Direxion Daily BRKB Bull 2X Shares Price Performance

Shares of Direxion Daily BRKB Bull 2X Shares stock traded down $0.17 during trading on Friday, hitting $23.22. 34,019 shares of the company’s stock traded hands, compared to its average volume of 204,778. The firm’s fifty day moving average price is $22.83 and its 200 day moving average price is $22.49. Direxion Daily BRKB Bull 2X Shares has a twelve month low of $20.25 and a twelve month high of $26.80.

Direxion Daily BRKB Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1121 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.9%.

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

A hedge fund recently bought a new position in Direxion Daily BRKB Bull 2X Shares stock. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,020 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily BRKB Bull 2X Shares 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.