Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Expands By 338.6%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 128,678 shares, a growth of 338.6% from the May 31st total of 29,339 shares. Approximately 19.8% of the company’s shares are sold short. Based on an average daily trading volume, of 159,637 shares, the days-to-cover ratio is presently 0.8 days.

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

AIBD opened at $5.89 on Monday. The stock’s 50-day moving average price is $5.70 and its 200 day moving average price is $7.50. Direxion Daily AI and Big Data Bear 2X Shares has a 12-month low of $4.46 and a 12-month high of $11.17.

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

(Get Free Report)

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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