Short Interest in Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Expands By 70.0%

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,055 shares, an increase of 70.0% from the December 31st total of 3,561 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily volume of 2,319 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 2,319 shares, the short-interest ratio is presently 2.6 days. Currently, 6.1% of the company’s stock are short sold.

Direxion Daily BRKB Bear 1X Shares Stock Down 1.0%

Direxion Daily BRKB Bear 1X Shares stock traded down $0.24 during midday trading on Friday, reaching $24.24. The company’s stock had a trading volume of 206 shares, compared to its average volume of 1,295. The business has a 50-day simple moving average of $23.40 and a 200-day simple moving average of $23.56. Direxion Daily BRKB Bear 1X Shares has a fifty-two week low of $21.23 and a fifty-two week high of $25.42.

Direxion Daily BRKB Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1168 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.47 dividend on an annualized basis and a yield of 1.9%.

Institutional Trading of Direxion Daily BRKB Bear 1X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. boosted its stake in shares of Direxion Daily BRKB Bear 1X Shares by 139.6% during the third quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock valued at $408,000 after acquiring an additional 10,362 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% during the third quarter. Bank of America Corp DE now owns 29,413 shares of the company’s stock worth $674,000 after buying an additional 4,413 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily BRKB Bear 1X Shares in the third quarter valued at approximately $229,000.

About Direxion Daily BRKB Bear 1X Shares

The Direxion Daily BRKB Bear 1X Shares (BRKD) is an exchange-traded fund that mostly invests in industrials equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Berkshire Hathaway Stock. BRKD was launched on Dec 11, 2024 and is issued by Direxion.