Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Down 90.2% in July

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,068 shares, a decrease of 90.2% from the July 15th total of 10,862 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 9,668 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AI and Big Data Bear 2X Shares Trading Up 1.2%

AIBD traded up $0.59 during trading on Tuesday, hitting $47.88. 2,568 shares of the stock were exchanged, compared to its average volume of 7,454. 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. The stock has a fifty day moving average price of $53.84 and a two-hundred day moving average price of $70.35.

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.