Short Interest in Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Expands By 338.6%

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 128,678 shares, a growth of 338.6% from the May 31st total of 29,339 shares. Based on an average daily volume of 159,637 shares, the days-to-cover ratio is presently 0.8 days. Approximately 19.8% of the shares of the stock are sold short.

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

Shares of NYSEARCA:AIBD traded up $0.25 during mid-day trading on Friday, reaching $5.89. The stock had a trading volume of 66,820 shares, compared to its average volume of 74,247. Direxion Daily AI and Big Data Bear 2X Shares has a 1 year low of $4.46 and a 1 year high of $11.17. The business’s 50 day moving average price is $5.70 and its 200 day moving average price is $7.50.

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.