Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Increases By 1,025.6%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 59,985 shares, an increase of 1,025.6% from the January 29th total of 5,329 shares. Currently, 8.2% of the company’s stock are short sold. Based on an average trading volume of 126,884 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 126,884 shares, the days-to-cover ratio is currently 0.5 days. Currently, 8.2% of the company’s stock are short sold.

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

Shares of AIBD stock traded up $0.39 during mid-day trading on Thursday, reaching $9.14. 44,971 shares of the company’s stock traded hands, compared to its average volume of 67,209. Direxion Daily AI and Big Data Bear 2X Shares has a 12 month low of $6.19 and a 12 month high of $25.17. The company’s 50-day moving average price is $8.05 and its 200-day moving average price is $7.83.

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

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.