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

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 1,660 shares, a growth of 106.5% from the July 30th total of 804 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 8,422 shares, the short-interest ratio is presently 0.2 days.

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

A hedge fund recently bought a new stake in Direxion Daily AI and Big Data Bull 2X Shares stock. IFP Advisors Inc purchased a new stake in Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the company’s stock, valued at approximately $25,000. IFP Advisors Inc owned approximately 0.08% of Direxion Daily AI and Big Data Bull 2X Shares at the end of the most recent reporting period.

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

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock opened at $65.19 on Friday. The business has a 50-day simple moving average of $61.61 and a 200-day simple moving average of $54.36. Direxion Daily AI and Big Data Bull 2X Shares has a one year low of $32.91 and a one year high of $78.96. The company has a market cap of $26.08 million, a PE ratio of 35.29 and a beta of 4.19.

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.