Short Interest in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Decreases By 31.9%

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 6,814 shares, a decline of 31.9% from the January 15th total of 10,011 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 16,270 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 16,270 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are short sold.

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

NYSEARCA AIBU traded up $0.14 during trading hours on Friday, hitting $41.36. The company had a trading volume of 11,095 shares, compared to its average volume of 15,243. The business has a 50 day moving average of $49.18 and a 200-day moving average of $51.45. The company has a market cap of $26.88 million, a PE ratio of 35.29 and a beta of 3.38. 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.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a dividend of $1.0621 per share. This represents a $4.25 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Wednesday, December 10th.

Hedge Funds Weigh In On Direxion Daily AI and Big Data Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter valued at approximately $25,000. Simplex Trading LLC increased its position in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% during the 2nd quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock worth $104,000 after purchasing an additional 1,844 shares during the period. Traynor Capital Management Inc. purchased a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter worth approximately $402,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter worth approximately $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.