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 growth in short interest during the month of April. As of April 30th, there was short interest totaling 5,374 shares, a growth of 101.6% from the April 15th total of 2,666 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 19,586 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily AI and Big Data Bull 2X Shares Stock Down 4.0%

NYSEARCA AIBU traded down $2.54 during midday trading on Friday, hitting $60.68. The company had a trading volume of 11,189 shares, compared to its average volume of 14,341. The stock has a market cap of $30.34 million, a price-to-earnings ratio of 35.29 and a beta of 3.93. The firm has a fifty day simple moving average of $46.13 and a two-hundred day simple moving average of $48.76. Direxion Daily AI and Big Data Bull 2X Shares has a fifty-two week low of $32.60 and a fifty-two week high of $65.41.

Institutional Trading of Direxion Daily AI and Big Data Bull 2X Shares

Several institutional investors have recently made changes to their positions in the business. IFP Advisors Inc acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 4th quarter valued at about $25,000. Traynor Capital Management Inc. boosted its position in shares of 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 valued at $716,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at about $440,000.

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.