Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) Stock Short Interest Falls 87.7%

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 2,824 shares, a drop of 87.7% from the September 30th total of 22,949 shares. Based on an average trading volume of 78,364 shares, the short-interest ratio is currently 0.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily BRKB Bull 2X ETF

An institutional investor recently bought a new position in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned 0.97% of Direxion Daily BRKB Bull 2X ETF at the end of the most recent quarter.

Direxion Daily BRKB Bull 2X ETF Stock Performance

NASDAQ BRKU traded down $0.23 during trading on Wednesday, hitting $25.80. 26,807 shares of the company’s stock traded hands, compared to its average volume of 174,937. Direxion Daily BRKB Bull 2X ETF has a 12-month low of $20.25 and a 12-month high of $26.80. The stock has a fifty day moving average of $23.49 and a two-hundred day moving average of $22.81.

Direxion Daily BRKB Bull 2X ETF Company Profile

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.