Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Down 73.5% in May

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,515 shares, a decline of 73.5% from the May 14th total of 9,478 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 25,261 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at $440,000. Traynor Capital Management Inc. raised its stake 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 valued at $716,000 after acquiring an additional 7,000 shares during the period. Finally, IFP Advisors Inc purchased a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter valued at approximately $25,000.

Direxion Daily AI and Big Data Bull 2X Shares Trading Up 3.5%

NYSEARCA AIBU traded up $2.07 on Thursday, reaching $62.00. 11,660 shares of the company were exchanged, compared to its average volume of 16,408. The business’s fifty day moving average price is $56.50 and its 200 day moving average price is $49.90. The stock has a market capitalization of $31 million, a P/E ratio of 35.29 and a beta of 4.09. 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.

About Direxion Daily AI and Big Data Bull 2X Shares

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.