Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Grows By 1,121.5%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,755 shares, an increase of 1,121.5% from the November 30th total of 553 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 58,766 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 58,766 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.6% of the company’s shares are short sold.

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

Direxion Daily AI and Big Data Bear 2X Shares stock traded down $0.03 during trading hours on Wednesday, reaching $7.47. 23,693 shares of the company’s stock traded hands, compared to its average volume of 36,883. Direxion Daily AI and Big Data Bear 2X Shares has a fifty-two week low of $6.19 and a fifty-two week high of $25.17. The firm’s 50 day moving average is $7.26 and its 200-day moving average is $8.44.

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.