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

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

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

AIBD traded up $0.65 during trading on Monday, hitting $49.27. The company’s stock had a trading volume of 2,085 shares, compared to its average volume of 7,188. Direxion Daily AI and Big Data Bear 2X Shares has a twelve month low of $44.60 and a twelve month high of $111.70. The firm’s 50 day moving average price is $53.09 and its 200-day moving average price is $67.27.

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.