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

Direxion Daily AI and Big Data Bear 2X ETF (NYSEARCA:AIBD) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,201 shares, a growth of 372.0% from the September 15th total of 1,102 shares. Based on an average daily volume of 5,478 shares, the short-interest ratio is currently 0.9 days. Currently, 4.0% of the company’s shares are sold short.

Direxion Daily AI and Big Data Bear 2X ETF Trading Up 2.2%

NYSEARCA AIBD traded up $0.88 during trading hours on Monday, hitting $41.89. 2,482 shares of the company’s stock were exchanged, compared to its average volume of 7,004. The stock has a 50-day simple moving average of $46.85 and a 200 day simple moving average of $57.57. Direxion Daily AI and Big Data Bear 2X ETF has a 1-year low of $40.18 and a 1-year high of $111.70.

About Direxion Daily AI and Big Data Bear 2X ETF

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.