Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Down 70.6% in April

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 178,274 shares, a decrease of 70.6% from the April 15th total of 605,358 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily trading volume, of 241,297 shares, the days-to-cover ratio is currently 0.7 days.

Direxion Daily BRKB Bull 2X Shares Stock Performance

BRKU stock traded down $0.21 during mid-day trading on Thursday, reaching $21.83. The company had a trading volume of 25,491 shares, compared to its average volume of 252,344. Direxion Daily BRKB Bull 2X Shares has a one year low of $20.25 and a one year high of $28.69. The stock’s 50-day simple moving average is $21.86 and its two-hundred day simple moving average is $23.50.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.1119 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.45 annualized dividend and a yield of 2.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRKU. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily BRKB Bull 2X Shares during the fourth quarter valued at approximately $25,000. Optiver Holding B.V. bought a new position in Direxion Daily BRKB Bull 2X Shares in the 3rd quarter worth approximately $139,000. Finally, Jane Street Group LLC grew its holdings in Direxion Daily BRKB Bull 2X Shares by 350.5% in the 1st quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock worth $1,882,000 after buying an additional 46,040 shares in the last quarter.

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.