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

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 6,086 shares, a decline of 33.7% from the November 30th total of 9,186 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 21,293 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 21,293 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Direxion Daily AI and Big Data Bull 2X Shares

Large investors have recently modified their holdings of the business. Simplex Trading LLC lifted 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 buying an additional 1,844 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at about $440,000. Finally, Traynor Capital Management Inc. acquired a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the third quarter valued at about $402,000.

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

AIBU traded down $0.07 during mid-day trading on Tuesday, hitting $50.30. The stock had a trading volume of 2,423 shares, compared to its average volume of 25,740. The stock’s fifty day simple moving average is $54.60 and its 200-day simple moving average is $50.03. The firm has a market capitalization of $37.73 million, a price-to-earnings 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were paid a dividend of $1.0621 per share. This represents a $4.25 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Wednesday, December 10th.

Direxion Daily AI and Big Data Bull 2X Shares Company Profile

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.