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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 42,729 shares, a growth of 411.3% from the April 15th total of 8,357 shares. Approximately 6.6% of the shares of the company are short sold. Based on an average daily trading volume, of 39,173 shares, the days-to-cover ratio is presently 1.1 days.

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

Shares of AIBD opened at $5.53 on Friday. The firm has a fifty day moving average of $8.16 and a 200-day moving average of $7.91. Direxion Daily AI and Big Data Bear 2X Shares has a 1 year low of $5.50 and a 1 year high of $14.35.

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Direxion Daily AI and Big Data Bear 2X Shares Company Profile

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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.

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