Short interest in Direxion Daily BRKB Bull 2X Shares (BRKU) surged by 47.4% in January, reaching 575,442 shares, representing 19.0% of its shares short and a days-to-cover ratio of 2.5. This increase occurs as institutional investors like Optiver Holding B.V. establish new positions and the fund recently raised its quarterly dividend to $0.2109, annualized at $0.84, offering a 3.5% yield. BRKU is a 2x leveraged ETF providing daily exposure to Berkshire Hathaway.
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Short Interest in Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU) Expands By 47.4%
Short interest in Direxion Daily BRKB Bull 2X Shares (BRKU) surged by 47.4% in January, reaching 575,442 shares, representing 19.0% of its shares short and a days-to-cover ratio of 2.5. This increase occurs as institutional investors like Optiver Holding B.V. establish new positions and the fund recently raised its quarterly dividend to $0.2109, annualized at $0.84, offering a 3.5% yield. BRKU is a 2x leveraged ETF providing daily exposure to Berkshire Hathaway.