Direxion Shares ETF Trust - Direxion Daily BRKB Bull 2X ETF
BRKU
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- Direxion Shares ETF Trust – Direxion Daily BRKB Bull 2X ETF is a non-diversified, actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Class B common stock of Berkshire Hathaway Inc. The fund provides leveraged single-stock exposure primarily through investments in Berkshire Hathaway Class B shares and financial instruments, including swap agreements and options, designed in combination to deliver 2x daily leveraged exposure; it generally invests at least 80% of its net assets, plus borrowings for investment purposes, in such securities and instruments. The ETF is intended for sophisticated investors seeking short-term, daily-reset leveraged exposure to Berkshire Hathaway rather than long-term buy-and-hold investment exposure, as performance over periods longer than one trading day can differ materially from twice the underlying stock’s cumulative return. Shares trade on Nasdaq under the ticker BRKU. The fund was launched in December 2024, is domiciled in the United States, and is part of the Direxion fund family; it is managed by Rafferty Asset Management, LLC, the investment adviser to Direxion-branded ETFs. BRKU’s principal offering is concentrated leveraged exposure to Berkshire Hathaway, a diversified holding company with operations spanning insurance, rail transportation, utilities and energy, manufacturing, services, retailing, and investments. As a recently introduced product, BRKU represents Direxion’s expansion of its leveraged and inverse single-stock ETF lineup, adding a 2x daily bullish vehicle tied to Berkshire Hathaway Class B shares; no separate acquisitions, financing transactions, name changes, or material corporate reorganizations specific to the fund have been publicly identified in the latest available information.