Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,660 shares, an increase of 106.5% from the July 30th total of 804 shares. Based on an average trading volume of 8,422 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.
Direxion Daily AI and Big Data Bull 2X Shares Price Performance
NYSEARCA:AIBU traded down $1.17 during mid-day trading on Friday, reaching $65.19. The stock had a trading volume of 5,824 shares, compared to its average volume of 13,606. Direxion Daily AI and Big Data Bull 2X Shares has a 12 month low of $32.91 and a 12 month high of $78.96. The stock has a market capitalization of $26.08 million, a PE ratio of 35.29 and a beta of 4.19. The stock has a 50-day simple moving average of $61.61 and a two-hundred day simple moving average of $54.36.
Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X Shares
An institutional investor recently bought a new position in Direxion Daily AI and Big Data Bull 2X Shares stock. IFP Advisors Inc purchased a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned approximately 0.08% of Direxion Daily AI and Big Data Bull 2X Shares as of its most recent filing with the SEC.
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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