Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Down 46.0% in May

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 96,270 shares, a drop of 46.0% from the April 30th total of 178,274 shares. Based on an average daily volume of 270,491 shares, the days-to-cover ratio is currently 0.4 days. Approximately 3.5% of the shares of the stock are sold short.

Direxion Daily BRKB Bull 2X Shares Price Performance

BRKU opened at $20.95 on Monday. The company’s 50 day simple moving average is $21.49 and its two-hundred day simple moving average is $23.31. Direxion Daily BRKB Bull 2X Shares has a 1-year low of $20.25 and a 1-year high of $27.69.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily BRKB Bull 2X Shares

Several institutional investors have recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily BRKB Bull 2X Shares during the 4th quarter valued at approximately $25,000. Optiver Holding B.V. acquired a new stake in Direxion Daily BRKB Bull 2X Shares in the 3rd quarter valued at approximately $139,000. Finally, Jane Street Group LLC increased its holdings in 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 purchasing an additional 46,040 shares during 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.