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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 17,318 shares, a decrease of 71.1% from the February 12th total of 59,985 shares. Based on an average daily volume of 55,244 shares, the short-interest ratio is currently 0.3 days. Approximately 2.4% of the shares of the company are sold short. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 55,244 shares, the short-interest ratio is currently 0.3 days.

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

NYSEARCA AIBD traded up $0.40 during trading hours on Thursday, hitting $9.23. 30,859 shares of the company’s stock traded hands, compared to its average volume of 67,191. The business’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $7.84. Direxion Daily AI and Big Data Bear 2X Shares has a 52 week low of $6.19 and a 52 week high of $25.17.

About Direxion Daily AI and Big Data Bear 2X Shares

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.