Short Interest in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Declines By 63.6%

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 915 shares, a drop of 63.6% from the May 31st total of 2,515 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 26,830 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. raised 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. IFP Advisors Inc bought a new position in Direxion Daily AI and Big Data Bull 2X Shares during the fourth quarter worth $25,000. Finally, Susquehanna International Group LLP acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter worth $440,000.

Direxion Daily AI and Big Data Bull 2X Shares Stock Up 0.3%

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock opened at $58.55 on Friday. The business has a 50-day moving average price of $61.40 and a 200 day moving average price of $50.63. 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. The firm has a market cap of $29.27 million, a P/E ratio of 35.29 and a beta of 4.09.

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.