Short Interest in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Grows By 76.4%

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBUGet Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 9,478 shares, a growth of 76.4% from the April 30th total of 5,374 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 21,964 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter valued at about $440,000. IFP Advisors Inc acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares during the 4th quarter worth approximately $25,000. Finally, Traynor Capital Management Inc. boosted 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.

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

NYSEARCA AIBU traded up $3.66 on Tuesday, reaching $75.75. The company had a trading volume of 45,412 shares, compared to its average volume of 15,591. The firm has a 50-day moving average of $51.64 and a 200-day moving average of $49.05. Direxion Daily AI and Big Data Bull 2X Shares has a 1 year low of $32.91 and a 1 year high of $76.43. The firm has a market capitalization of $37.88 million, a PE ratio of 35.29 and a beta of 3.93.

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

(Get Free Report)

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.

Further Reading

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