Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Update

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,339 shares, a decline of 36.5% from the May 14th total of 46,195 shares. Based on an average trading volume of 66,612 shares, the short-interest ratio is presently 0.4 days. Approximately 4.5% of the shares of the stock are short sold.

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

AIBD stock traded down $0.07 during trading on Wednesday, hitting $5.12. The company had a trading volume of 7,185 shares, compared to its average volume of 73,736. The firm has a 50-day moving average price of $6.21 and a 200-day moving average price of $7.60. Direxion Daily AI and Big Data Bear 2X Shares has a 12 month low of $4.46 and a 12 month high of $11.60.

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.