Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Rises By 1,121.5%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 6,755 shares, a growth of 1,121.5% from the November 30th total of 553 shares. Based on an average daily trading volume, of 58,766 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.6% of the company’s stock are short sold. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 58,766 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NYSEARCA AIBD traded down $0.03 during mid-day trading on Wednesday, hitting $7.47. The company had a trading volume of 23,693 shares, compared to its average volume of 36,883. The firm has a 50-day simple moving average of $7.26 and a two-hundred day simple moving average of $8.44. Direxion Daily AI and Big Data Bear 2X Shares has a one year low of $6.19 and a one year high of $25.17.

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.