Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Up 167.1% in January

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 4,373 shares, a growth of 167.1% from the December 31st total of 1,637 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 38,527 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 38,527 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are sold short.

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

Shares of NYSEARCA AIBD traded up $0.09 during mid-day trading on Thursday, reaching $7.55. 120,135 shares of the company’s stock were exchanged, compared to its average volume of 43,023. The firm has a 50-day moving average price of $7.55 and a two-hundred day moving average price of $7.89. Direxion Daily AI and Big Data Bear 2X Shares has a 52 week low of $6.19 and a 52 week high of $25.17.

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.