Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Increases By 146.2%

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,917 shares, an increase of 146.2% from the July 15th total of 2,809 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 62,625 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily BRKB Bull 2X Shares stock. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,020 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily BRKB Bull 2X Shares Stock Performance

BRKU traded down $0.32 during trading on Friday, reaching $23.07. 82,134 shares of the company’s stock were exchanged, compared to its average volume of 205,118. Direxion Daily BRKB Bull 2X Shares has a 1 year low of $20.25 and a 1 year high of $26.80. The company’s fifty day simple moving average is $22.85 and its 200-day simple moving average is $22.50.

Direxion Daily BRKB Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1121 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.