Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Sees Significant Decline in Short Interest

Key Points

• Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) experienced a significant decrease in short interest, dropping by 39.2% in September to 485,900 shares.
• Bank of America Corp DE has acquired a new stake in BRKU, purchasing 25,000 shares valued at approximately $598,000, representing about 6.58% ownership.
• The company declared a quarterly dividend of $0.1543 per share, up from the previous amount, reflecting a yield of 2.4% for shareholders of record.

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU - ) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 485,900 shares, a decrease of 39.2% from the August 31st total of 799,400 shares. Based on an average daily trading volume, of 482,000 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 482,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Direxion Daily BRKB Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily BRKB Bull 2X Shares stock. Bank of America Corp DE acquired a new stake in shares of Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,000 shares of the company's stock, valued at approximately $598,000. Bank of America Corp DE owned about 6.58% of Direxion Daily BRKB Bull 2X Shares as of its most recent SEC filing.

Direxion Daily BRKB Bull 2X Shares Stock Up 0.9%

NASDAQ BRKU opened at $25.38 on Friday. The firm's fifty day moving average price is $24.71 and its 200 day moving average price is $26.59. Direxion Daily BRKB Bull 2X Shares has a 12 month low of $21.75 and a 12 month high of $32.47.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.1543 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This is a positive change from Direxion Daily BRKB Bull 2X Shares's previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 2.4%.

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.

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