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) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 804 shares, a decline of 58.6% from the July 15th total of 1,941 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 8,210 shares, the short-interest ratio is presently 0.1 days.

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

A hedge fund recently bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares stock. IFP Advisors Inc bought a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned about 0.08% of Direxion Daily AI and Big Data Bull 2X Shares at the end of the most recent quarter.

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

NYSEARCA:AIBU traded down $1.23 during trading hours on Friday, reaching $67.96. 3,427 shares of the stock were exchanged, compared to its average volume of 14,254. Direxion Daily AI and Big Data Bull 2X Shares has a twelve month low of $32.91 and a twelve month high of $78.96. The firm has a 50 day moving average of $61.61 and a 200 day moving average of $53.18. The stock has a market cap of $27.18 million, a PE ratio of 35.29 and a beta of 4.19.

Direxion Daily AI and Big Data Bull 2X Shares Company Profile

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.