Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Up 411.3% in April

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 42,729 shares, a growth of 411.3% from the April 15th total of 8,357 shares. Approximately 6.6% of the shares of the company are short sold. Based on an average daily trading volume, of 39,173 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily AI and Big Data Bear 2X Shares Stock Performance

Shares of AIBD traded down $0.15 during midday trading on Thursday, hitting $5.53. 42,725 shares of the stock traded hands, compared to its average volume of 64,974. The business’s 50 day moving average price is $8.16 and its two-hundred day moving average price is $7.91. Direxion Daily AI and Big Data Bear 2X Shares has a 1-year low of $5.50 and a 1-year high of $14.35.

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.