Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) was the target 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. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 8,210 shares, the days-to-cover ratio is presently 0.1 days.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
NYSEARCA AIBU traded down $1.23 on Friday, reaching $67.96. The company had a trading volume of 3,427 shares, compared to its average volume of 14,254. The company’s fifty day moving average is $61.61 and its 200-day moving average is $53.18. The firm has a market capitalization of $27.18 million, a price-to-earnings ratio of 35.29 and a beta of 4.19. 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.
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. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,196 shares of the company’s stock, valued at approximately $440,000. Susquehanna International Group LLP owned approximately 1.09% of Direxion Daily AI and Big Data Bull 2X Shares as of its most recent filing with the Securities & Exchange Commission.
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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