Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Sees Significant Drop in Short Interest

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 18,976 shares, a decline of 21.1% from the December 15th total of 24,037 shares. Based on an average trading volume of 14,361 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 14,361 shares, the short-interest ratio is presently 1.3 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Up 0.1%

UBOT stock opened at $28.53 on Monday. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a twelve month low of $12.19 and a twelve month high of $29.00. The company has a market cap of $34.81 million, a P/E ratio of 31.45 and a beta of 2.71. The business’s fifty day moving average is $25.54 and its 200-day moving average is $24.71.

Hedge Funds Weigh In On Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares

An institutional investor recently raised its position in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,915 shares of the company’s stock after buying an additional 1,205 shares during the quarter. SBI Securities Co. Ltd. owned about 0.13% of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares worth $42,000 at the end of the most recent reporting period.

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

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.