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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 10,862 shares, a decline of 92.2% from the June 30th total of 139,610 shares. Approximately 9.9% of the company’s shares are sold short. Based on an average daily volume of 5,140 shares, the days-to-cover ratio is currently 2.1 days.

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

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock traded up $1.65 during mid-day trading on Friday, hitting $60.07. The stock had a trading volume of 8,716 shares, compared to its average volume of 7,296. The firm has a 50-day moving average of $53.81 and a two-hundred day moving average of $72.06. Direxion Daily AI and Big Data Bear 2X Shares has a 12-month low of $44.60 and a 12-month high of $111.70.

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.