Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Down 46.0% in May

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 96,270 shares, a decline of 46.0% from the April 30th total of 178,274 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average trading volume of 270,491 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily BRKB Bull 2X Shares Stock Performance

NASDAQ:BRKU opened at $20.95 on Monday. The company has a fifty day simple moving average of $21.49 and a two-hundred day simple moving average of $23.31. Direxion Daily BRKB Bull 2X Shares has a 52 week low of $20.25 and a 52 week high of $27.69.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1119 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.45 annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On Direxion Daily BRKB Bull 2X Shares

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in shares of Direxion Daily BRKB Bull 2X Shares by 350.5% in the first quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock worth $1,882,000 after acquiring an additional 46,040 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily BRKB Bull 2X Shares in the fourth quarter worth $25,000. Finally, Optiver Holding B.V. acquired a new position in shares of Direxion Daily BRKB Bull 2X Shares in the third quarter worth $139,000.

About Direxion Daily BRKB Bull 2X Shares

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.