Direxion Daily AI and Big Data Bear 2X ETF
AIBD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- May 15, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily AI and Big Data Bear 2X Shares (AIBD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the inverse (or opposite) of the performance of the Solactive US AI & Big Data Index; the index tracks U.S. companies deriving at least 50% of revenue from artificial intelligence applications, data analytics and big data, natural language processing, or AI-driven services, including top holdings such as Nvidia, Meta Platforms, Microsoft, Amazon.com, and Alphabet. The fund, part of the Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, employs derivatives such as swaps, direct investments, and other funds to achieve its leveraged inverse objectives, targeting sophisticated traders in the technology sector with exposure to AI and big data innovators across software, semiconductors, interactive media, IT services, and related sub-industries. Holdings primarily consist of cash management instruments like Dreyfus Government Cash Management and Treasury securities, alongside swaps on the benchmark index. Launched on May 15, 2024, and domiciled in the United States with shares listed on NYSE Arca, AIBD operates within the trading--inverse equity category and serves institutional and retail investors seeking short-term tactical positions in bearish AI and big data market views. The ETF is issued by Direxion Shares ETF Trust, advised by Rafferty Asset Management, LLC (founded 1997), and backed by Direxion, headquartered at 1301 Avenue of the Americas, New York, New York, with additional offices in Boston and elsewhere; Direxion manages approximately $50.6 billion in assets as of June 30, 2025. In a key strategic development, Direxion partnered with Solactive AG to develop and launch AIBD alongside its bull counterpart (AIBU) in May 2024, capitalizing on the booming AI market projected to grow from $207.9 billion in 2023 to $1.8 trillion by 2030. Recent distributions include quarterly income dividends, such as $0.12090 on July 1, 2025, and $0.10979 on April 1, 2025, reflecting ongoing operational payouts amid volatile performance. While Direxion announced closures of other low-asset ETFs in October 2025, AIBD continues trading with net assets around $1.74 million and a net expense ratio of 1.04% through at least September 1, 2026, under an operating expense limitation agreement.