Short Interest in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Grows By 52.6%

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,011 shares, a growth of 52.6% from the December 31st total of 6,560 shares. Based on an average daily trading volume, of 16,225 shares, the short-interest ratio is currently 0.6 days. Currently, 1.5% of the company’s shares are sold short. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 16,225 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

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

Direxion Daily AI and Big Data Bull 2X Shares Trading Down 3.1%

Shares of AIBU stock traded down $1.53 during trading hours on Friday, hitting $48.47. 15,034 shares of the company were exchanged, compared to its average volume of 16,212. Direxion Daily AI and Big Data Bull 2X Shares has a 52 week low of $18.66 and a 52 week high of $65.41. The company has a market capitalization of $31.51 million, a PE ratio of 35.29 and a beta of 3.38. The business has a 50 day moving average of $51.25 and a two-hundred day moving average of $51.53.

Direxion Daily AI and Big Data Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a $1.0621 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.