Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Rises By 1,025.6%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 59,985 shares, an increase of 1,025.6% from the January 29th total of 5,329 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average daily trading volume, of 126,884 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 126,884 shares, the days-to-cover ratio is presently 0.5 days. Approximately 8.2% of the company’s shares are sold short.

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

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock traded down $0.39 on Wednesday, reaching $8.75. The company had a trading volume of 48,798 shares, compared to its average volume of 67,697. The firm’s 50 day moving average price is $8.04 and its two-hundred day moving average price is $7.82. Direxion Daily AI and Big Data Bear 2X Shares has a 52-week low of $6.19 and a 52-week 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.