Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Sees Large Increase in Short Interest

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a significant increase in short interest in 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. Based on an average daily trading volume, of 7,507 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

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

Shares of AIBU stock traded up $1.46 during midday trading on Friday, reaching $57.34. 7,132 shares of the company traded hands, compared to its average volume of 14,660. The firm’s 50 day simple moving average is $62.24 and its two-hundred day simple moving average is $52.03. The firm has a market cap of $22.94 million, a PE ratio of 35.29 and a beta of 4.15. 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.

Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X Shares

A hedge fund recently bought a new position in Direxion Daily AI and Big Data Bull 2X Shares stock. IFP Advisors Inc bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) during the 4th quarter, according to the company in its most recent Form 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 as of its most recent filing with the Securities & Exchange Commission.

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.