Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Drops By 46.0%

Posted by Bonnie Powley on Jun 3rd, 2026

Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 96,270 shares, a decline of 46.0% from the April 30th total of 178,274 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 270,491 shares, the days-to-cover ratio is currently 0.4 days.

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

Institutional investors have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily BRKB Bull 2X Shares in the fourth quarter worth $25,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily BRKB Bull 2X Shares in the third quarter worth $139,000. Finally, Jane Street Group LLC raised its holdings in shares of Direxion Daily BRKB Bull 2X Shares by 350.5% in the first quarter. Jane Street Group LLC now owns 59,175 shares of the company’s stock worth $1,882,000 after acquiring an additional 46,040 shares during the last quarter.

Direxion Daily BRKB Bull 2X Shares Stock Performance

BRKU stock remained flat at $20.57 during midday trading on Tuesday. The company had a trading volume of 172,991 shares, compared to its average volume of 245,717. The stock’s fifty day moving average is $21.46 and its 200-day moving average is $23.28. Direxion Daily BRKB Bull 2X Shares has a 52-week low of $20.25 and a 52-week high of $27.25.

Direxion Daily BRKB Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1119 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.45 annualized dividend and a yield of 2.2%.

About Direxion Daily BRKB Bull 2X Shares

(Get Free Report)

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.