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) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 915 shares, a drop of 63.6% from the May 31st total of 2,515 shares. Based on an average daily trading volume, of 26,830 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

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

AIBU traded up $2.85 during trading on Tuesday, reaching $63.44. The company’s stock had a trading volume of 9,832 shares, compared to its average volume of 15,880. The company’s fifty day moving average price is $61.62 and its 200-day moving average price is $50.62. Direxion Daily AI and Big Data Bull 2X Shares has a 52-week low of $32.91 and a 52-week high of $78.96. The company has a market capitalization of $31.72 million, a price-to-earnings ratio of 35.29 and a beta of 4.09.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter valued at about $440,000. Traynor Capital Management Inc. boosted its holdings in Direxion Daily AI and Big Data Bull 2X Shares by 93.4% during the fourth quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock worth $716,000 after buying an additional 7,000 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares during the fourth quarter worth about $25,000.

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.