Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Down 49.2% in April

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 6,852 shares, a decline of 49.2% from the April 15th total of 13,484 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 17,812 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Trading Down 4.2%

UBOT stock traded down $1.31 during midday trading on Friday, hitting $29.89. The company’s stock had a trading volume of 25,029 shares, compared to its average volume of 23,590. The company has a market cap of $34.97 million, a PE ratio of 31.45 and a beta of 2.88. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12 month low of $18.76 and a 12 month high of $32.08. The firm’s 50-day moving average is $24.90 and its 200-day moving average is $25.97.

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.