Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,515 shares, a drop of 73.5% from the May 14th total of 9,478 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 25,261 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X Shares
Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in Direxion Daily AI and Big Data Bull 2X Shares during the fourth quarter valued at $25,000. Traynor Capital Management Inc. lifted its position in Direxion Daily AI and Big Data Bull 2X Shares by 93.4% during the fourth 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Direxion Daily AI and Big Data Bull 2X Shares during the third quarter valued at $440,000.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
Shares of AIBU stock traded up $0.77 on Friday, reaching $62.77. The stock had a trading volume of 14,197 shares, compared to its average volume of 16,387. The stock has a market cap of $31.39 million, a P/E ratio of 35.29 and a beta of 4.09. 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. The company has a 50 day simple moving average of $57.02 and a 200 day simple moving average of $49.99.
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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