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 growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,941 shares, a growth of 62.0% from the June 30th total of 1,198 shares. Based on an average daily volume of 7,507 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

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

Shares of AIBU stock traded up $1.46 during mid-day trading on Friday, hitting $57.34. 7,132 shares of the stock traded hands, compared to its average volume of 14,660. The stock has a market cap of $22.94 million, a P/E ratio of 35.29 and a beta of 4.15. The stock’s fifty day moving average is $62.24 and its two-hundred day moving average is $52.03. 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.

Institutional Investors Weigh In On 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 bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 SEC filing.

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.