Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 804 shares, a decrease of 58.6% from the July 15th total of 1,941 shares. Based on an average daily trading volume, of 8,210 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.
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 purchased 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 its most recent 13F filing with the SEC. The institutional investor purchased 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 filing with the SEC.
Direxion Daily AI and Big Data Bull 2X Shares Trading Down 0.8%
AIBU stock traded down $0.54 during midday trading on Monday, hitting $67.42. The stock had a trading volume of 756 shares, compared to its average volume of 14,166. The firm has a market cap of $26.97 million, a P/E ratio of 35.29 and a beta of 4.19. The business has a fifty day moving average price of $61.61 and a two-hundred day moving average price of $53.20. Direxion Daily AI and Big Data Bull 2X Shares has a 1-year low of $32.91 and a 1-year high of $78.96.
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.
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