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

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) saw a large drop in short interest during 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 45,040 shares, the short-interest ratio is currently 0.1 days.

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

An institutional investor recently bought a new stake in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC bought a new position in shares of Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned approximately 0.97% of Direxion Daily BRKB Bull 2X ETF as of its most recent SEC filing.

Direxion Daily BRKB Bull 2X ETF Trading Down 1.0%

BRKU traded down $0.23 on Thursday, hitting $22.73. 29,898 shares of the stock traded hands, compared to its average volume of 186,368. The business has a fifty day moving average price of $23.17 and a two-hundred day moving average price of $22.36. Direxion Daily BRKB Bull 2X ETF has a 52 week low of $20.25 and a 52 week high of $26.80.

About Direxion Daily BRKB Bull 2X ETF

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.