Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Sees Significant Increase in Short Interest

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,374 shares, an increase of 101.6% from the April 15th total of 2,666 shares. Based on an average daily volume of 19,586 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the shares of the company are short sold.

Direxion Daily AI and Big Data Bull 2X Shares Stock Down 1.2%

Shares of NYSEARCA:AIBU traded down $0.75 during trading on Monday, reaching $59.93. The stock had a trading volume of 26,790 shares, compared to its average volume of 14,464. The stock has a fifty day simple moving average of $46.13 and a two-hundred day simple moving average of $48.66. Direxion Daily AI and Big Data Bull 2X Shares has a 52 week low of $32.60 and a 52 week high of $65.41. The firm has a market capitalization of $29.97 million, a price-to-earnings ratio of 35.29 and a beta of 3.93.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AIBU. Traynor Capital Management Inc. lifted its position in Direxion Daily AI and Big Data Bull 2X Shares by 93.4% during the 4th quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock worth $716,000 after acquiring an additional 7,000 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at about $440,000. Finally, IFP Advisors Inc bought a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares in the fourth quarter worth about $25,000.

Direxion Daily AI and Big Data Bull 2X Shares Company Profile

The Direxion Daily AI and Big Data Bull 2X Shares (AIBU) is an exchange-traded fund that is based on the Solactive US AI & Big Data index. The fund tracks 2x the daily price movements of a concentrated index of US companies involved in artificial intelligence (AI) applications and big data. Stocks are weighted based on their relevance to the business fields. AIBU was launched on May 15, 2024 and is issued by Direxion.