Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) Shares Shorted: Short Interest Down 33.5% in October

Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,342 shares, a decrease of 33.5% from the September 30th total of 2,019 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,599 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily AI and Big Data Bull 2X ETF Stock Up 3.0%

Shares of AIBU opened at $56.98 on Wednesday. Direxion Daily AI and Big Data Bull 2X ETF has a 52-week low of $32.91 and a 52-week high of $78.96. The company has a market capitalization of $21.65 million, a PE ratio of 35.29 and a beta of 4.12. The stock has a fifty day simple moving average of $67.20 and a two-hundred day simple moving average of $56.87.

Institutional Investors Weigh In On Direxion Daily AI and Big Data Bull 2X ETF

An institutional investor recently raised its position in Direxion Daily AI and Big Data Bull 2X ETF stock. Traynor Capital Management Inc. increased its position in shares of Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) by 11.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,676 shares of the company’s stock after purchasing an additional 1,775 shares during the period. Traynor Capital Management Inc. owned 4.65% of Direxion Daily AI and Big Data Bull 2X ETF worth $1,262,000 at the end of the most recent quarter.

About Direxion Daily AI and Big Data Bull 2X ETF

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.