Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) Stock Short Interest Declines 92.7%

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 3,949 shares, a decline of 92.7% from the August 31st total of 54,135 shares. Based on an average daily volume of 45,040 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily BRKB Bull 2X ETF

An institutional investor recently bought a new position in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC bought a new position in Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned approximately 0.97% of Direxion Daily BRKB Bull 2X ETF at the end of the most recent reporting period.

Direxion Daily BRKB Bull 2X ETF Stock Down 1.0%

BRKU opened at $22.73 on Friday. The firm’s 50-day simple moving average is $23.17 and its 200-day simple moving average is $22.36. Direxion Daily BRKB Bull 2X ETF has a twelve month low of $20.25 and a twelve month high of $26.80.

About Direxion Daily BRKB Bull 2X ETF

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.