Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) Short Interest Update

Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 2,692 shares, a growth of 62.2% from the August 15th total of 1,660 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 3,559 shares, the days-to-cover ratio is currently 0.8 days.

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

An institutional investor recently bought a new position in Direxion Daily AI and Big Data Bull 2X ETF stock. IFP Advisors Inc purchased a new stake in shares of Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned about 0.08% of Direxion Daily AI and Big Data Bull 2X ETF as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily AI and Big Data Bull 2X ETF Trading Up 5.4%

AIBU opened at $67.22 on Friday. The firm has a market cap of $67.15 million, a price-to-earnings ratio of 35.29 and a beta of 4.20. Direxion Daily AI and Big Data Bull 2X ETF has a 12 month low of $32.91 and a 12 month high of $78.96. The stock has a fifty day moving average price of $62.61 and a 200-day moving average price of $56.74.

About Direxion Daily AI and Big Data Bull 2X ETF

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.