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

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) saw a large 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. Based on an average daily volume of 2,319 shares, the days-to-cover ratio is presently 2.6 days. Currently, 6.1% of the company’s shares are sold short. Currently, 6.1% of the company’s shares are sold short. Based on an average daily volume of 2,319 shares, the days-to-cover ratio is presently 2.6 days.

Direxion Daily BRKB Bear 1X Shares Stock Performance

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

Direxion Daily BRKB Bear 1X Shares Cuts Dividend

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

Hedge Funds Weigh In On Direxion Daily BRKB Bear 1X Shares

A number of institutional investors have recently made changes to their positions in BRKD. Bank of America Corp DE lifted its position in shares of Direxion Daily BRKB Bear 1X Shares by 17.7% in the 3rd 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 during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily BRKB Bear 1X Shares during the 3rd quarter worth about $229,000. Finally, Optiver Holding B.V. raised its holdings in shares of Direxion Daily BRKB Bear 1X Shares by 139.6% in the 3rd quarter. Optiver Holding B.V. now owns 17,785 shares of the company’s stock worth $408,000 after purchasing an additional 10,362 shares in the last quarter.

Direxion Daily BRKB Bear 1X Shares Company Profile

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.