Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Down 73.5% in May

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,515 shares, a decrease of 73.5% from the May 14th total of 9,478 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 25,261 shares, the short-interest ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Traynor Capital Management Inc. increased its stake in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the fourth quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock worth $716,000 after acquiring an additional 7,000 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the third quarter worth $440,000. Finally, IFP Advisors Inc acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the fourth quarter worth $25,000.

Direxion Daily AI and Big Data Bull 2X Shares Trading Up 3.5%

Shares of AIBU stock traded up $2.07 during mid-day trading on Thursday, reaching $62.00. The stock had a trading volume of 11,660 shares, compared to its average volume of 16,408. The business’s fifty day moving average is $56.50 and its 200-day moving average is $49.90. The firm has a market cap of $31 million, a price-to-earnings 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.

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.