Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Trading Down 1.2% – Should You Sell?

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) shares dropped 1.2% during mid-day trading on Friday . The stock traded as low as $22.82 and last traded at $22.96. 54,579 shares changed hands during trading, a decline of 72% from the average session volume of 194,360 shares. The stock had previously closed at $23.25.

Direxion Daily BRKB Bull 2X Shares Price Performance

The stock has a 50-day moving average of $23.03 and a 200 day moving average of $22.42.

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

Several hedge funds have recently bought and sold shares of BRKU. Jane Street Group LLC raised its position in shares of 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 in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily BRKB Bull 2X Shares during the 4th quarter worth approximately $25,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Direxion Daily BRKB Bull 2X Shares during the 2nd quarter worth approximately $401,000.

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.