Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) Sees Significant Decrease in Short Interest

Direxion Daily AI and Big Data Bear 2X Shares (NYSEARCA:AIBD) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 29,339 shares, a decrease of 36.5% from the May 14th total of 46,195 shares. Based on an average daily volume of 66,612 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.5% of the company’s stock are short sold.

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

Shares of AIBD opened at $5.39 on Monday. Direxion Daily AI and Big Data Bear 2X Shares has a 12 month low of $4.46 and a 12 month high of $11.68. The firm has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $7.64.

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.