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

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

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

Shares of NYSEARCA AIBD opened at $5.75 on Wednesday. Direxion Daily AI and Big Data Bear 2X Shares has a 1-year low of $5.53 and a 1-year high of $14.35. The business’s 50 day moving average is $8.31 and its two-hundred day moving average is $7.93.

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.