Direxion Daily AI and Big Data Bear 2X ETF (NYSEARCA:AIBD) Shares Shorted: Short Interest Up 205.5% in October

Direxion Daily AI and Big Data Bear 2X ETF (NYSEARCA:AIBD) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 13,606 shares, an increase of 205.5% from the October 15th total of 4,453 shares. Currently, 8.5% of the shares of the stock are short sold. Based on an average daily volume of 11,656 shares, the short-interest ratio is presently 1.2 days.

Direxion Daily AI and Big Data Bear 2X ETF Stock Up 1.2%

Shares of AIBD stock traded up $0.61 on Thursday, hitting $51.22. 5,168 shares of the stock traded hands, compared to its average volume of 7,928. Direxion Daily AI and Big Data Bear 2X ETF has a 52 week low of $40.18 and a 52 week high of $111.70. The firm has a 50 day simple moving average of $46.87 and a two-hundred day simple moving average of $62.71.

Direxion Daily AI and Big Data Bear 2X ETF 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.