Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Declines By 70.6%

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 178,274 shares, a drop of 70.6% from the April 15th total of 605,358 shares. Based on an average daily trading volume, of 241,297 shares, the days-to-cover ratio is currently 0.7 days. Currently, 6.5% of the shares of the stock are short sold.

Direxion Daily BRKB Bull 2X Shares Price Performance

Direxion Daily BRKB Bull 2X Shares stock traded down $0.15 during midday trading on Friday, hitting $21.78. The company’s stock had a trading volume of 94,773 shares, compared to its average volume of 251,374. The stock’s 50-day moving average price is $21.85 and its 200-day moving average price is $23.48. Direxion Daily BRKB Bull 2X Shares has a 12 month low of $20.25 and a 12 month high of $28.69.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily BRKB Bull 2X Shares in the fourth quarter worth about $25,000. Optiver Holding B.V. bought a new stake in Direxion Daily BRKB Bull 2X Shares in the third quarter worth about $139,000. Finally, Jane Street Group LLC raised its position in Direxion Daily BRKB Bull 2X Shares by 350.5% in the first quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock worth $1,882,000 after acquiring an additional 46,040 shares in the last quarter.

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.