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) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 6,814 shares, a decrease of 31.9% from the January 15th total of 10,011 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 16,270 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 16,270 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the 3rd quarter valued at about $440,000. Traynor Capital Management Inc. purchased a new position in Direxion Daily AI and Big Data Bull 2X Shares during the third quarter worth about $402,000. Simplex Trading LLC boosted its holdings in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% in the 2nd quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock valued at $104,000 after purchasing an additional 1,844 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Direxion Daily AI and Big Data Bull 2X Shares in the 4th quarter valued at approximately $25,000.

Direxion Daily AI and Big Data Bull 2X Shares Stock Up 0.3%

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock traded up $0.14 on Friday, hitting $41.36. 11,095 shares of the company were exchanged, compared to its average volume of 15,243. The company has a 50-day moving average price of $49.18 and a 200 day moving average price of $51.45. The stock has a market capitalization of $26.88 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 business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $1.0621 dividend. This represents a $4.25 annualized dividend and a yield of 10.3%. The ex-dividend date 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.