Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Rises By 151.2%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 47,666 shares, a growth of 151.2% from the December 31st total of 18,976 shares. Based on an average daily trading volume, of 27,039 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.9% of the shares of the company are short sold. Approximately 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 27,039 shares, the days-to-cover ratio is presently 1.8 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Down 0.4%

Shares of NYSEARCA:UBOT traded down $0.10 during trading on Thursday, reaching $27.82. 20,491 shares of the company’s stock traded hands, compared to its average volume of 24,905. The firm has a market cap of $33.94 million, a PE ratio of 31.45 and a beta of 2.71. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a fifty-two week low of $12.19 and a fifty-two week high of $29.00. The company has a 50-day simple moving average of $26.22 and a 200-day simple moving average of $25.05.

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. lifted its position in shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,915 shares of the company’s stock after purchasing an additional 1,205 shares during the period. 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.