Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Down 88.6% in March

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,974 shares, a drop of 88.6% from the February 26th total of 17,318 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 64,129 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 64,129 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

Direxion Daily AI and Big Data Bear 2X Shares Trading Up 2.7%

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock traded up $0.26 during trading on Tuesday, reaching $9.72. The company’s stock had a trading volume of 33,290 shares, compared to its average volume of 63,943. Direxion Daily AI and Big Data Bear 2X Shares has a one year low of $6.19 and a one year high of $25.17. The business’s fifty day moving average price is $8.69 and its 200-day moving average price is $7.87.

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.