Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,374 shares, a growth of 101.6% from the April 15th total of 2,666 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 19,586 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of AIBU. IFP Advisors Inc bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter worth $25,000. Traynor Capital Management Inc. bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter worth $402,000. Finally, Susquehanna International Group LLP bought a new position in Direxion Daily AI and Big Data Bull 2X Shares in the 3rd quarter worth $440,000.
Direxion Daily AI and Big Data Bull 2X Shares Stock Performance
Shares of Direxion Daily AI and Big Data Bull 2X Shares stock traded down $2.54 during midday trading on Friday, reaching $60.68. 11,189 shares of the company’s stock traded hands, compared to its average volume of 14,341. The company has a market cap of $30.34 million, a price-to-earnings ratio of 35.29 and a beta of 3.93. The company’s 50 day simple moving average is $46.13 and its 200 day simple moving average is $48.76. Direxion Daily AI and Big Data Bull 2X Shares has a 52 week low of $32.60 and a 52 week high of $65.41.
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.
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