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) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 668 shares, an increase of 19.9% from the March 15th total of 557 shares. Based on an average daily volume of 7,939 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter worth approximately $440,000. IFP Advisors Inc bought a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter worth approximately $25,000. Finally, Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the 4th quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock worth $716,000 after purchasing an additional 7,000 shares during the last quarter.

Direxion Daily AI and Big Data Bull 2X Shares Stock Up 2.5%

NYSEARCA:AIBU traded up $1.24 during trading hours on Friday, reaching $50.68. 22,110 shares of the stock were exchanged, compared to its average volume of 12,778. The firm has a 50 day simple moving average of $40.38 and a 200-day simple moving average of $48.87. Direxion Daily AI and Big Data Bull 2X Shares has a 52 week low of $21.03 and a 52 week high of $65.41. The stock has a market capitalization of $26.35 million, a P/E ratio of 35.29 and a beta of 3.44.

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.