Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,660 shares, an increase of 106.5% from the July 30th total of 804 shares. Based on an average daily volume of 8,422 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short.
Institutional Investors Weigh In On Direxion Daily AI and Big Data Bull 2X Shares
A hedge fund recently bought a new position 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) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
Shares of AIBU stock opened at $65.19 on Monday. The firm has a fifty day moving average price of $61.61 and a 200 day moving average price of $54.42. The company has a market cap of $26.08 million, a P/E ratio of 35.29 and a beta of 4.19. Direxion Daily AI and Big Data Bull 2X Shares has a 12 month low of $32.91 and a 12 month high of $78.96.
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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