Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,692 shares, an increase of 62.2% from the August 15th total of 1,660 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 3,559 shares, the short-interest ratio is presently 0.8 days.
Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X ETF
A hedge fund recently bought a new stake in Direxion Daily AI and Big Data Bull 2X ETF stock. IFP Advisors Inc bought a new stake in Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned approximately 0.08% of Direxion Daily AI and Big Data Bull 2X ETF as of its most recent SEC filing.
Direxion Daily AI and Big Data Bull 2X ETF Trading Up 5.0%
NYSEARCA:AIBU traded up $3.20 during midday trading on Thursday, reaching $66.95. The company had a trading volume of 2,417 shares, compared to its average volume of 12,897. Direxion Daily AI and Big Data Bull 2X ETF has a 12-month low of $32.91 and a 12-month high of $78.96. The firm has a market capitalization of $66.88 million, a price-to-earnings ratio of 35.29 and a beta of 4.20. The stock’s fifty day simple moving average is $62.54 and its 200-day simple moving average is $56.54.
About Direxion Daily AI and Big Data Bull 2X ETF
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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