Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 9,478 shares, a growth of 76.4% from the April 30th total of 5,374 shares. Based on an average trading volume of 21,964 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.9% of the company’s shares are sold short.
Direxion Daily AI and Big Data Bull 2X Shares Price Performance
Shares of AIBU traded up $3.66 during mid-day trading on Tuesday, reaching $75.75. 45,412 shares of the company’s stock traded hands, compared to its average volume of 15,591. The stock has a market cap of $37.88 million, a P/E ratio of 35.29 and a beta of 3.93. The stock’s 50-day moving average is $51.64 and its two-hundred day moving average is $49.05. Direxion Daily AI and Big Data Bull 2X Shares has a 12 month low of $32.91 and a 12 month high of $76.43.
Institutional Trading of Direxion Daily AI and Big Data Bull 2X Shares
A number of hedge funds have recently bought and sold shares of AIBU. IFP Advisors Inc acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the fourth quarter worth $25,000. Traynor Capital Management Inc. lifted its holdings 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 valued at $716,000 after purchasing an additional 7,000 shares during the last quarter. Finally, 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.
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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