Symbols

AIBD

Direxion Daily AI and Big Data Bear 2X Shares·NYSE

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Key Stats

Assets Under Management

5.98MUSD

Fund Flows (1Y)

3.60MUSD

Dividend Yield

6.38%

Discount/Premium to NAV

-0.30%

Shares Outstanding

775.00K

Expense Ratio

1.04%

About Direxion Daily AI and Big Data Bear 2X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-ai-big-data-bull-bear-2x-etfs

Inception Date

May 15, 2024

Structure

Open-Ended Fund

Index Tracked

Solactive US AI & Big Data Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

AIBD offers daily -2x exposure to an index composed of 30 pure-play companies involved in artificial intelligence or AI-driven services, data analytics & big data, and natural language processing industries. The fund primarily invests in financial instruments, such as swaps, futures, and ETFs tracking the index, to provide leveraged exposure in line with its objectives. Additionally, it may hold both index and non-index securities. A proprietary natural language processing algorithm is employed to analyze various sources and documents to identify and calculate a relevance score. Stock selection and weighting are based on this score. Up to one-third of the fund's assets may be used for securities lending purposes. Rebalancing occurs quarterly. As a leveraged product with a -2x factor resetting daily, AIBD is not designed for buy-and-hold investment and should not be expected to provide index leverage returns greater than one day.