Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Update

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 6,814 shares, a decline of 31.9% from the January 15th total of 10,011 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 16,270 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 16,270 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the shares of the company are sold short.

Direxion Daily AI and Big Data Bull 2X Shares Stock Performance

Direxion Daily AI and Big Data Bull 2X Shares stock traded up $0.14 during midday trading on Friday, reaching $41.36. 11,095 shares of the company’s stock were exchanged, compared to its average volume of 15,243. The stock’s 50-day simple moving average is $49.18 and its 200 day simple moving average is $51.48. The firm has a market cap of $26.88 million, a price-to-earnings ratio of 35.29 and a beta of 3.38. Direxion Daily AI and Big Data Bull 2X Shares has a 52 week low of $18.66 and a 52 week high of $65.41.

Direxion Daily AI and Big Data Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $1.0621 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 10.3%.

Institutional Investors Weigh In On Direxion Daily AI and Big Data Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in AIBU. IFP Advisors Inc acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares in the fourth quarter valued at $25,000. Simplex Trading LLC grew its stake in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% in the 2nd quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock valued at $104,000 after buying an additional 1,844 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter valued at about $402,000. Finally, Susquehanna International Group LLP bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter valued at about $440,000.

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.