Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Up 63.9% in May

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 11,228 shares, a growth of 63.9% from the April 30th total of 6,852 shares. Based on an average daily volume of 25,812 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.0% of the company’s shares are sold short.

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

Shares of NYSEARCA:UBOT opened at $29.45 on Friday. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 1 year low of $18.76 and a 1 year high of $32.08. The stock has a market capitalization of $34.46 million, a P/E ratio of 31.45 and a beta of 2.87. The stock has a 50-day simple moving average of $26.55 and a 200-day simple moving average of $26.24.

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.