Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a large 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 sold short.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
NYSEARCA AIBU opened at $58.55 on Friday. Direxion Daily AI and Big Data Bull 2X Shares has a one year low of $32.91 and a one year high of $78.96. The company has a 50-day simple moving average of $61.40 and a 200-day simple moving average of $50.63. The firm has a market capitalization of $29.27 million, a PE 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 large investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new position in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at approximately $440,000. Traynor Capital Management Inc. raised its position in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% during the 4th quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock worth $716,000 after purchasing an additional 7,000 shares during the period. Finally, IFP Advisors Inc acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 4th quarter worth approximately $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.
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