Short Interest in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Expands By 52.6%

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,011 shares, a growth of 52.6% from the December 31st total of 6,560 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 16,225 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 16,225 shares, the short-interest ratio is currently 0.6 days. Currently, 1.5% of the shares of the company are sold short.

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

NYSEARCA:AIBU traded down $1.53 during mid-day trading on Friday, hitting $48.47. The company’s stock had a trading volume of 15,034 shares, compared to its average volume of 16,212. The business’s fifty day moving average is $51.25 and its two-hundred day moving average is $51.59. The stock has a market cap of $31.51 million, a price-to-earnings ratio of 35.29 and a beta of 3.38. Direxion Daily AI and Big Data Bull 2X Shares has a 1 year low of $18.66 and a 1 year high of $65.41.

Direxion Daily AI and Big Data Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a dividend of $1.0621 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 8.8%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIBU. Traynor Capital Management Inc. increased its holdings in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the fourth quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock valued at $716,000 after purchasing an additional 7,000 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Direxion Daily AI and Big Data Bull 2X Shares during the third quarter worth about $440,000. Finally, Simplex Trading LLC raised its stake in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% during the second quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock worth $104,000 after purchasing an additional 1,844 shares during the period.

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.