Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Update

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 6,086 shares, a decrease of 33.7% from the November 30th total of 9,186 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 21,293 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 21,293 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC raised its holdings in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% in the 2nd quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock worth $104,000 after purchasing an additional 1,844 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at about $402,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the third quarter valued at about $440,000.

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

Shares of NYSEARCA:AIBU opened at $50.30 on Wednesday. The stock’s 50-day moving average is $54.44 and its 200 day moving average is $50.12. The company has a market cap of $37.73 million, a PE ratio of 35.29 and a beta of 3.38. 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.

Direxion Daily AI and Big Data Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $1.0621 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Wednesday, December 10th.

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.