Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Drops By 40.8%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 26,050 shares, a decrease of 40.8% from the July 30th total of 43,973 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,621 shares, the short-interest ratio is presently 1.7 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Performance

Shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock traded up $0.05 during trading hours on Wednesday, hitting $21.83. The company’s stock had a trading volume of 5,314 shares, compared to its average volume of 21,097. The business has a 50 day moving average price of $23.39 and a two-hundred day moving average price of $25.29. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12-month low of $19.12 and a 12-month high of $32.08. The company has a market cap of $23.36 million, a PE ratio of 31.45 and a beta of 2.90.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Company Profile

The Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares (UBOT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund offers 2x daily leveraged exposure to a market-cap-selected and -weighted index of robotics and artificial intelligence companies from developed countries. UBOT was launched on Apr 19, 2018 and is managed by Direxion.