Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Sees Large Decrease in Short Interest

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 10,862 shares, a drop of 92.2% from the June 30th total of 139,610 shares. Approximately 9.9% of the shares of the company are short sold. Based on an average trading volume of 5,140 shares, the days-to-cover ratio is presently 2.1 days.

Direxion Daily AI and Big Data Bear 2X Shares Stock Up 2.8%

AIBD stock traded up $1.65 during midday trading on Friday, hitting $60.07. The company’s stock had a trading volume of 8,716 shares, compared to its average volume of 7,296. The stock’s 50-day moving average price is $53.81 and its 200 day moving average price is $72.06. Direxion Daily AI and Big Data Bear 2X Shares has a 1 year low of $44.60 and a 1 year high of $111.70.

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

The Direxion Daily AI and Big Data Bear 2X Shares (AIBD) 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. AIBD was launched on May 15, 2024 and is issued by Direxion.