Direxion Daily AI and Big Data Bear 2X ETF (AIBD)
Direxion Daily AI and Big Data Bear 2X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $46.92, down 1.99% on the session, giving a market capitalisation of $6.2M. Its beta of -3.32 implies it has historically moved less than the broad market.
These Direxion Daily ETFs are designed to deliver daily returns that are either two times (200%) the performance of the Solactive US AI & Big Data Index (for the Bull version) or two times (200%) the inverse (opposite) performance of the same index (for the Bear version). This target is calculated before any fees and expenses are applied. However, it's important to note that there's no guarantee these funds will successfully achieve their stated daily investment goals.
Direxion Daily AI and Big Data Bear 2X ETF is most often compared with the following Financial Services names: