Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,941 shares, an increase of 62.0% from the June 30th total of 1,198 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 7,507 shares, the short-interest ratio is currently 0.3 days.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
NYSEARCA:AIBU traded up $1.46 during mid-day trading on Friday, hitting $57.34. 7,132 shares of the company’s stock traded hands, compared to its average volume of 14,660. The firm’s 50 day simple moving average is $62.24 and its 200 day simple moving average is $52.03. Direxion Daily AI and Big Data Bull 2X Shares has a 1 year low of $32.91 and a 1 year high of $78.96. The company has a market cap of $22.94 million, a PE ratio of 35.29 and a beta of 4.15.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Direxion Daily AI and Big Data Bull 2X Shares stock. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,196 shares of the company’s stock, valued at approximately $440,000. Susquehanna International Group LLP owned approximately 1.09% of Direxion Daily AI and Big Data Bull 2X Shares at the end of the most recent reporting 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.
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