Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD) Shares Up 0.3% Following Dividend Announcement

Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKDGet Free Report)’s stock price shot up 0.3% during trading on Monday after the company announced a dividend. The company traded as high as $24.34 and last traded at $24.32. 1,878 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 1,605 shares. The stock had previously closed at $24.24.

The newly announced dividend which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1348 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This is an increase from Direxion Daily BRKB Bear 1X Shares’s previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.2%.

Direxion Daily BRKB Bear 1X Shares Stock Up 0.5%

The stock has a 50-day simple moving average of $23.74 and a 200 day simple moving average of $23.46.

Institutional Trading of Direxion Daily BRKB Bear 1X Shares

Large investors have recently made changes to their positions in the company. Optiver Holding B.V. boosted its stake in Direxion Daily BRKB Bear 1X Shares by 139.6% in 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 in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily BRKB Bear 1X Shares during the third quarter worth about $229,000. Finally, Bank of America Corp DE lifted its holdings 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 valued at $674,000 after purchasing an additional 4,413 shares during the last quarter.

Direxion Daily BRKB Bear 1X Shares Company Profile

(Get Free Report)

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.

Further Reading

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