Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Down 41.5% in August

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 625 shares, a decrease of 41.5% from the July 30th total of 1,068 shares. Based on an average trading volume of 6,543 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the company’s shares are short sold.

Direxion Daily AI and Big Data Bear 2X Shares Trading Up 1.3%

Shares of AIBD stock traded up $0.65 during trading hours on Monday, hitting $49.27. 2,085 shares of the company were exchanged, compared to its average volume of 7,188. The firm has a fifty day moving average of $53.09 and a 200 day moving average of $67.27. 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.

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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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