Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Sees Significant Increase in Short Interest

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 6,917 shares, a growth of 146.2% from the July 15th total of 2,809 shares. Based on an average trading volume of 62,625 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

Direxion Daily BRKB Bull 2X Shares Stock Down 0.7%

Shares of NASDAQ BRKU traded down $0.17 during midday trading on Friday, reaching $23.22. 34,019 shares of the company traded hands, compared to its average volume of 204,778. Direxion Daily BRKB Bull 2X Shares has a 12 month low of $20.25 and a 12 month high of $26.80. The stock’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $22.49.

Direxion Daily BRKB Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1121 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.9%.

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

An institutional investor recently raised its position in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC grew its position in shares of Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) by 350.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,175 shares of the company’s stock after buying an additional 46,040 shares during the quarter. Jane Street Group LLC owned approximately 3.94% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

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.