Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Sees Significant Increase in Short Interest

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBUGet Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,941 shares, an increase of 62.0% from the June 30th total of 1,198 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 7,507 shares, the short-interest ratio is presently 0.3 days.

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

An institutional investor recently bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares stock. Susquehanna International Group LLP purchased a new stake in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBUFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,196 shares of the company’s stock, valued at approximately $440,000. Susquehanna International Group LLP owned about 1.09% of Direxion Daily AI and Big Data Bull 2X Shares at the end of the most recent quarter.

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

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock opened at $57.34 on Friday. 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. The business’s fifty day moving average price is $62.24 and its two-hundred day moving average price is $52.03. The company has a market capitalization of $22.94 million, a P/E ratio of 35.29 and a beta of 4.15.

Direxion Daily AI and Big Data Bull 2X Shares Company Profile

(Get Free Report)

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.

Further Reading

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