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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 17,318 shares, a decline of 71.1% from the February 12th total of 59,985 shares. Based on an average trading volume of 55,244 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the company’s shares are short sold. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 55,244 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of NYSEARCA:AIBD traded down $0.13 during mid-day trading on Wednesday, reaching $8.93. 28,441 shares of the company’s stock were exchanged, compared to its average volume of 67,657. Direxion Daily AI and Big Data Bear 2X Shares has a twelve month low of $6.19 and a twelve month high of $25.17. The business’s fifty day moving average price is $8.32 and its 200-day moving average price is $7.83.

About Direxion Daily AI and Big Data Bear 2X Shares

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.