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

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

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

NYSEARCA:AIBD traded up $1.65 during mid-day trading on Friday, reaching $60.07. The company’s stock had a trading volume of 8,716 shares, compared to its average volume of 7,296. The company’s fifty day simple moving average is $53.81 and its two-hundred day simple moving average is $72.06. Direxion Daily AI and Big Data Bear 2X Shares has a twelve month low of $44.60 and a twelve month 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.