Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Down 78.3% in March

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 557 shares, a decrease of 78.3% from the February 26th total of 2,568 shares. Based on an average daily trading volume, of 9,668 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Direxion Daily AI and Big Data Bull 2X Shares Trading Down 6.8%

NYSEARCA AIBU traded down $2.47 on Friday, hitting $33.70. 8,900 shares of the company’s stock traded hands, compared to its average volume of 12,716. 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. The firm’s 50-day moving average price is $42.53 and its two-hundred day moving average price is $50.04. The firm has a market capitalization of $21.91 million, a PE ratio of 35.29 and a beta of 3.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new stake in Direxion Daily AI and Big Data Bull 2X Shares in the fourth quarter valued at $25,000. Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the 4th quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock valued at $716,000 after buying an additional 7,000 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter valued at about $440,000.

About Direxion Daily AI and Big Data Bull 2X Shares

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.