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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 625 shares, a decrease of 41.5% from the July 30th total of 1,068 shares. Based on an average daily trading volume, of 6,543 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

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

NYSEARCA AIBD traded up $1.89 during trading on Tuesday, reaching $50.89. The company’s stock had a trading volume of 6,987 shares, compared to its average volume of 7,181. The business has a 50-day moving average price of $53.03 and a 200-day moving average price of $67.01. 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.