Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) Sees Large Decrease in Short Interest

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,949 shares, a drop of 92.7% from the August 31st total of 54,135 shares. Based on an average daily trading volume, of 45,040 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Direxion Daily BRKB Bull 2X ETF Price Performance

Shares of BRKU traded down $0.23 during trading hours on Thursday, reaching $22.73. The company’s stock had a trading volume of 29,898 shares, compared to its average volume of 186,368. Direxion Daily BRKB Bull 2X ETF has a 1-year low of $20.25 and a 1-year high of $26.80. The company has a 50 day moving average of $23.17 and a two-hundred day moving average of $22.36.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC purchased a new stake in Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned about 0.97% of Direxion Daily BRKB Bull 2X ETF as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily BRKB Bull 2X ETF 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.