Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Drops By 90.2%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,068 shares, a drop of 90.2% from the July 15th total of 10,862 shares. Based on an average trading volume of 9,668 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.8% of the shares of the company are short sold.

Direxion Daily AI and Big Data Bear 2X Shares Stock Down 1.5%

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock traded down $0.71 during trading on Wednesday, hitting $47.17. 1,627 shares of the stock were exchanged, compared to its average volume of 7,415. Direxion Daily AI and Big Data Bear 2X Shares has a 1-year low of $44.60 and a 1-year high of $111.70. The company has a fifty day moving average price of $53.89 and a 200-day moving average price of $70.14.

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.