Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Up 401.9% in December
by Michael Walen · The Markets DailyDirexion Daily BRKB Bull 2X Shares (NASDAQ:BRKU – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 287,805 shares, a growth of 401.9% from the November 30th total of 57,345 shares. Approximately 8.7% of the shares of the company are sold short. Based on an average daily volume of 275,567 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 275,567 shares, the short-interest ratio is presently 1.0 days. Approximately 8.7% of the shares of the company are sold short.
Direxion Daily BRKB Bull 2X Shares Trading Down 0.1%
Shares of BRKU opened at $24.71 on Friday. The firm has a 50-day moving average price of $24.91 and a 200 day moving average price of $24.82. Direxion Daily BRKB Bull 2X Shares has a 52-week low of $21.75 and a 52-week high of $32.47.
Direxion Daily BRKB Bull 2X Shares Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be issued a $0.2109 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. This is a boost from Direxion Daily BRKB Bull 2X Shares’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 23rd.
Institutional Investors Weigh In On Direxion Daily BRKB Bull 2X Shares
A hedge fund recently raised its stake in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC lifted its holdings in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU – Free Report) by 350.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,175 shares of the company’s stock after purchasing an additional 46,040 shares during the period. Jane Street Group LLC owned about 3.95% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 at the end of the most recent reporting period.
Direxion Daily BRKB Bull 2X Shares 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.