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 significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 2,554 shares, a drop of 62.5% from the January 29th total of 6,814 shares. Based on an average daily volume of 13,346 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 13,346 shares, the short-interest ratio is presently 0.2 days.

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

Shares of NYSEARCA:AIBU traded down $0.92 during midday trading on Friday, reaching $39.55. 16,309 shares of the company’s stock traded hands, compared to its average volume of 14,975. The company has a fifty day simple moving average of $47.31 and a two-hundred day simple moving average of $51.14. 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. The company has a market cap of $25.71 million, a P/E ratio of 35.29 and a beta of 3.38.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a dividend of $1.0621 per share. This represents a $4.25 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the third quarter valued at approximately $440,000. Traynor Capital Management Inc. purchased a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the third quarter worth approximately $402,000. Simplex Trading LLC raised its stake in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% in the 2nd quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock valued at $104,000 after purchasing an additional 1,844 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter valued at $25,000.

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.