Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 21,300 shares, a growth of 88.5% from the September 30th total of 11,300 shares. Based on an average trading volume of 34,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.8% of the company’s stock are sold short. Currently, 2.8% of the company’s stock are sold short. Based on an average trading volume of 34,500 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Direxion Daily AI and Big Data Bull 2X Shares
An institutional investor recently raised its position in Direxion Daily AI and Big Data Bull 2X Shares stock. Simplex Trading LLC increased its holdings in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Free Report) by 289.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,481 shares of the company’s stock after purchasing an additional 1,844 shares during the period. Simplex Trading LLC owned approximately 0.58% of Direxion Daily AI and Big Data Bull 2X Shares worth $104,000 at the end of the most recent reporting period.
Direxion Daily AI and Big Data Bull 2X Shares Trading Up 1.1%
NYSEARCA AIBU opened at $63.16 on Monday. Direxion Daily AI and Big Data Bull 2X Shares has a 1-year low of $18.66 and a 1-year high of $65.41. The company has a market capitalization of $47.37 million, a PE ratio of 35.29 and a beta of 3.38. The firm’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $43.81.
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.
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