Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Update

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 29,339 shares, a decrease of 36.5% from the May 14th total of 46,195 shares. Currently, 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 66,612 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AI and Big Data Bear 2X Shares Stock Up 1.6%

Shares of AIBD traded up $0.08 on Tuesday, hitting $5.15. The company’s stock had a trading volume of 85,038 shares, compared to its average volume of 74,279. Direxion Daily AI and Big Data Bear 2X Shares has a fifty-two week low of $4.46 and a fifty-two week high of $11.60. The company has a 50 day moving average price of $6.29 and a 200 day moving average price of $7.62.

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.