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 increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,478 shares, an increase of 76.4% from the April 30th total of 5,374 shares. Based on an average daily trading volume, of 21,964 shares, the short-interest ratio is currently 0.4 days. Currently, 1.9% of the company’s stock are short sold.

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

Shares of NYSEARCA AIBU opened at $73.10 on Thursday. The stock has a market capitalization of $36.55 million, a price-to-earnings ratio of 35.29 and a beta of 3.93. The business has a 50-day moving average of $53.10 and a 200-day moving average of $49.32. Direxion Daily AI and Big Data Bull 2X Shares has a fifty-two week low of $32.91 and a fifty-two week high of $78.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. grew its stake in Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the fourth quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock valued at $716,000 after purchasing an additional 7,000 shares in the last quarter. Susquehanna International Group LLP bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at approximately $440,000. Finally, IFP Advisors Inc bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the fourth quarter valued at approximately $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.