Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU) Shares Shorted: Short Interest Down 33.5% in October

Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,342 shares, a decrease of 33.5% from the September 30th total of 2,019 shares. Based on an average daily volume of 4,599 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Direxion Daily AI and Big Data Bull 2X ETF

An institutional investor recently raised its position in Direxion Daily AI and Big Data Bull 2X ETF stock. Traynor Capital Management Inc. raised its stake in Direxion Daily AI and Big Data Bull 2X ETF (NYSEARCA:AIBU – Free Report) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,676 shares of the company’s stock after purchasing an additional 1,775 shares during the period. Traynor Capital Management Inc. owned 4.65% of Direxion Daily AI and Big Data Bull 2X ETF worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily AI and Big Data Bull 2X ETF Stock Up 3.0%

Shares of NYSEARCA AIBU traded up $1.66 during midday trading on Tuesday, reaching $56.99. 1,089 shares of the company’s stock traded hands, compared to its average volume of 11,633. The company has a market cap of $21.65 million, a price-to-earnings ratio of 35.29 and a beta of 4.12. The stock’s 50 day simple moving average is $67.30 and its 200-day simple moving average is $56.84. Direxion Daily AI and Big Data Bull 2X ETF has a one year low of $32.91 and a one year high of $78.96.

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

(Get Free Report)

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.

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