Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) Sees Large Increase in Short Interest

Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,692 shares, a growth of 62.2% from the August 15th total of 1,660 shares. Based on an average trading volume of 3,559 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the company’s shares are sold short.

Direxion Daily AI and Big Data Bull 2X ETF Stock Up 5.0%

NYSEARCA:AIBU traded up $3.20 on Thursday, reaching $66.95. 2,417 shares of the company’s stock were exchanged, compared to its average volume of 12,897. The firm has a market capitalization of $66.88 million, a price-to-earnings ratio of 35.29 and a beta of 4.20. The business has a fifty day moving average of $62.54 and a 200-day moving average of $56.54. Direxion Daily AI and Big Data Bull 2X ETF has a 52-week low of $32.91 and a 52-week high of $78.96.

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

An institutional investor recently bought a new stake in Direxion Daily AI and Big Data Bull 2X ETF stock. IFP Advisors Inc bought a new position in shares of Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned approximately 0.08% of Direxion Daily AI and Big Data Bull 2X ETF as of its most recent SEC filing.

Direxion Daily AI and Big Data Bull 2X ETF 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.