Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Announces Quarterly Dividend of $1.06

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBUGet Free Report) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 10th will be given a dividend of 1.0621 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Wednesday, December 10th.

Direxion Daily AI and Big Data Bull 2X Shares Price Performance

Shares of AIBU traded down $1.54 during midday trading on Wednesday, hitting $54.01. The stock had a trading volume of 10,999 shares, compared to its average volume of 26,166. The stock’s 50 day moving average is $56.44 and its 200 day moving average is $48.56. The firm has a market cap of $40.51 million, a PE ratio of 35.29 and a beta of 3.38. Direxion Daily AI and Big Data Bull 2X Shares has a 1 year low of $18.66 and a 1 year high of $65.41.

Institutional Trading of Direxion Daily AI and Big Data Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in AIBU. Simplex Trading LLC grew its stake in shares of Direxion Daily AI and Big Data Bull 2X Shares by 289.5% during the second quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock valued at $104,000 after buying an additional 1,844 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter worth approximately $402,000. Finally, Susquehanna International Group LLP purchased a new position in Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at $440,000.

About Direxion Daily AI and Big Data Bull 2X Shares

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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.

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