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

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 33,259 shares, an increase of 1,584.9% from the March 15th total of 1,974 shares. Based on an average daily trading volume, of 61,995 shares, the short-interest ratio is currently 0.5 days. Currently, 4.8% of the shares of the company are sold short.

Direxion Daily AI and Big Data Bear 2X Shares Stock Down 1.0%

AIBD traded down $0.09 on Friday, reaching $8.68. The company had a trading volume of 29,540 shares, compared to its average volume of 64,946. Direxion Daily AI and Big Data Bear 2X Shares has a fifty-two week low of $6.19 and a fifty-two week high of $21.01. The company’s fifty day moving average is $9.20 and its 200 day moving average is $8.01.

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.