Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Drops By 75.8%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,637 shares, a decline of 75.8% from the December 15th total of 6,755 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 50,257 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 50,257 shares, the short-interest ratio is presently 0.0 days. Approximately 0.2% of the company’s stock are sold short.

Direxion Daily AI and Big Data Bear 2X Shares Trading Down 0.8%

Shares of NYSEARCA AIBD opened at $7.37 on Tuesday. The firm’s 50 day moving average price is $7.48 and its 200-day moving average price is $8.08. 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.