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) saw a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 11,656 shares, the short-interest ratio is currently 1.2 days. Approximately 8.5% of the shares of the stock are short sold.

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

NYSEARCA AIBD traded up $0.61 during trading on Thursday, hitting $51.22. 5,168 shares of the stock traded hands, compared to its average volume of 7,928. The firm has a 50-day simple moving average of $46.87 and a 200-day simple moving average of $62.71. Direxion Daily AI and Big Data Bear 2X ETF has a 12-month low of $40.18 and a 12-month high of $111.70.

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.