Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,374 shares, a growth of 101.6% from the April 15th total of 2,666 shares. Based on an average daily trading volume, of 19,586 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company’s shares are short sold.
Direxion Daily AI and Big Data Bull 2X Shares Stock Down 4.0%
Shares of NYSEARCA AIBU traded down $2.54 during trading on Friday, hitting $60.68. 11,189 shares of the company traded hands, compared to its average volume of 14,341. Direxion Daily AI and Big Data Bull 2X Shares has a 1 year low of $32.60 and a 1 year high of $65.41. The company has a 50-day moving average price of $46.13 and a 200-day moving average price of $48.76. The firm has a market capitalization of $30.34 million, a P/E ratio of 35.29 and a beta of 3.93.
Institutional Trading of Direxion Daily AI and Big Data Bull 2X Shares
Several institutional investors have recently made changes to their positions in AIBU. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at $440,000. Traynor Capital Management Inc. acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at $402,000. Finally, IFP Advisors Inc acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 4th quarter valued at $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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