Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Short Interest Down 90.2% in July

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,068 shares, a drop of 90.2% from the July 15th total of 10,862 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 9,668 shares, the short-interest ratio is presently 0.1 days.

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

Shares of Direxion Daily AI and Big Data Bear 2X Shares stock traded down $0.88 on Thursday, hitting $46.04. 2,101 shares of the company’s stock traded hands, compared to its average volume of 7,388. Direxion Daily AI and Big Data Bear 2X Shares has a one year low of $44.60 and a one year high of $111.70. The firm’s 50-day moving average price is $53.85 and its two-hundred day moving average price is $69.72.

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.