Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Down 63.6% in June

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 915 shares, a drop of 63.6% from the May 31st total of 2,515 shares. Based on an average trading volume of 26,830 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are sold short.

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

Direxion Daily AI and Big Data Bull 2X Shares stock traded up $1.77 during trading hours on Monday, hitting $60.32. 6,223 shares of the stock were exchanged, compared to its average volume of 15,902. The business’s 50-day moving average is $61.40 and its two-hundred day moving average is $50.59. Direxion Daily AI and Big Data Bull 2X Shares has a 12 month low of $32.91 and a 12 month high of $78.96. The stock has a market capitalization of $30.16 million, a P/E ratio of 35.29 and a beta of 4.09.

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

A number of large investors have recently modified their holdings of the stock. Traynor Capital Management Inc. increased its position in 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 purchasing an additional 7,000 shares during the period. Susquehanna International Group LLP bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at approximately $440,000. Finally, IFP Advisors Inc acquired a new stake in Direxion Daily AI and Big Data Bull 2X Shares during the 4th quarter worth $25,000.

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.