Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) Shares Shorted: Short Interest Up 481.1% in September

Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,949 shares, a growth of 481.1% from the September 15th total of 3,949 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 101,678 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily BRKB Bull 2X ETF Trading Up 1.7%

Shares of NASDAQ BRKU opened at $23.55 on Friday. The firm’s fifty day moving average is $23.16 and its two-hundred day moving average is $22.34. Direxion Daily BRKB Bull 2X ETF has a 52-week low of $20.25 and a 52-week high of $26.80.

Institutional Investors Weigh In On Direxion Daily BRKB Bull 2X ETF

A hedge fund recently bought a new position in Direxion Daily BRKB Bull 2X ETF stock. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily BRKB Bull 2X ETF (NASDAQ:BRKU) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,453 shares of the company’s stock, valued at approximately $401,000. Citadel Advisors LLC owned 0.97% of Direxion Daily BRKB Bull 2X ETF as of its most recent filing with the SEC.

Direxion Daily BRKB Bull 2X ETF 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.