Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Short Interest Update

Key Points

• Direxion Daily BRKB Bull 2X Shares (BRKU) experienced a substantial increase in short interest, rising by 54.1% in September, totaling 748,900 shares as of September 30th.
• The company recently raised its quarterly dividend to $0.1543 per share, resulting in a 2.5% yield, and paid this dividend on September 30th.
• Jane Street Group LLC significantly increased its stake in Direxion Daily BRKB Bull 2X Shares by 350.5%, holding 59,175 shares valued at approximately $1,882,000.

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU - ) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 748,900 shares, a growth of 54.1% from the September 15th total of 485,900 shares. Based on an average daily trading volume, of 499,000 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 499,000 shares, the short-interest ratio is presently 1.5 days.

Direxion Daily BRKB Bull 2X Shares Price Performance

NASDAQ BRKU traded down $0.01 during trading on Wednesday, hitting $24.54. The company's stock had a trading volume of 114,509 shares, compared to its average volume of 278,436. Direxion Daily BRKB Bull 2X Shares has a fifty-two week low of $21.75 and a fifty-two week high of $32.47. The business's 50 day simple moving average is $25.14 and its 200-day simple moving average is $26.07.

Direxion Daily BRKB Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $0.1543 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. This is an increase from Direxion Daily BRKB Bull 2X Shares's previous quarterly dividend of $0.15.

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

An institutional investor recently raised its position in Direxion Daily BRKB Bull 2X Shares stock. Jane Street Group LLC lifted its stake in shares of Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU - Free Report) by 350.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,175 shares of the company's stock after acquiring an additional 46,040 shares during the period. Jane Street Group LLC owned 3.95% of Direxion Daily BRKB Bull 2X Shares worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

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.

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