Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Short Interest Update

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,236 shares, a drop of 46.5% from the January 29th total of 6,044 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 1,184 shares, the short-interest ratio is presently 2.7 days. Based on an average daily volume of 1,184 shares, the short-interest ratio is presently 2.7 days. Currently, 3.2% of the shares of the company are short sold.

Institutional Trading of Direxion Daily BRKB Bear 1X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRKD. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily BRKB Bear 1X Shares in the third quarter valued at approximately $229,000. Optiver Holding B.V. lifted its holdings in Direxion Daily BRKB Bear 1X Shares by 139.6% in the 3rd quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock valued at $408,000 after purchasing an additional 10,362 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Direxion Daily BRKB Bear 1X Shares by 17.7% during the 3rd quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock worth $674,000 after purchasing an additional 4,413 shares during the last quarter.

Direxion Daily BRKB Bear 1X Shares Stock Down 0.5%

Shares of BRKD traded down $0.11 during mid-day trading on Friday, reaching $23.16. The company had a trading volume of 3,144 shares, compared to its average volume of 1,222. Direxion Daily BRKB Bear 1X Shares has a 52-week low of $21.23 and a 52-week high of $25.32. The stock has a 50 day moving average of $23.50 and a two-hundred day moving average of $23.42.

Direxion Daily BRKB Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.1168 per share. This represents a $0.47 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Direxion Daily BRKB Bear 1X Shares

The Direxion Daily BRKB Bear 1X Shares (BRKD) is an exchange-traded fund that mostly invests in industrials equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Berkshire Hathaway Stock. BRKD was launched on Dec 11, 2024 and is issued by Direxion.