Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Update

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBDGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,068 shares, a drop of 90.2% from the July 15th total of 10,862 shares. Based on an average trading volume of 9,668 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are sold short.

Direxion Daily AI and Big Data Bear 2X Shares Trading Up 1.2%

Shares of AIBD stock traded up $0.59 on Tuesday, reaching $47.88. 2,568 shares of the stock were exchanged, compared to its average volume of 7,454. The firm has a 50 day moving average of $53.84 and a two-hundred day moving average of $70.35. Direxion Daily AI and Big Data Bear 2X Shares has a 1-year low of $44.60 and a 1-year high of $111.70.

About Direxion Daily AI and Big Data Bear 2X Shares

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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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