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

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

Direxion Daily AI and Big Data Bear 2X Shares Stock Up 2.8%

Direxion Daily AI and Big Data Bear 2X Shares stock traded up $1.65 during midday trading on Friday, hitting $60.07. 8,716 shares of the stock were exchanged, compared to its average volume of 7,296. Direxion Daily AI and Big Data Bear 2X Shares has a 52-week low of $44.60 and a 52-week high of $111.70. The business’s 50-day moving average price is $53.81 and its 200-day moving average price is $72.06.

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.