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

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,660 shares, a growth of 106.5% from the July 30th total of 804 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 8,422 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily AI and Big Data Bull 2X Shares Trading Down 1.8%

AIBU stock opened at $65.19 on Friday. 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 company’s 50 day moving average is $61.61 and its two-hundred day moving average is $54.36. The stock has a market cap of $26.08 million, a P/E ratio of 35.29 and a beta of 4.19.

Institutional Investors 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 acquired a new stake in 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 and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent reporting period.

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.