Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Drops By 41.5%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 625 shares, a drop of 41.5% from the July 30th total of 1,068 shares. Based on an average trading volume of 6,543 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the company’s shares are sold short.

Direxion Daily AI and Big Data Bear 2X Shares Stock Up 3.9%

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock opened at $50.93 on Wednesday. Direxion Daily AI and Big Data Bear 2X Shares has a one year low of $44.60 and a one year high of $111.70. The business’s 50 day simple moving average is $52.97 and its two-hundred day simple moving average is $66.77.

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.