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

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 12,319 shares, a growth of 74.5% from the June 30th total of 7,058 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 14,964 shares, the short-interest ratio is currently 0.8 days.

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

NYSEARCA UBOT traded up $0.42 during trading on Friday, hitting $22.12. 14,422 shares of the company’s stock traded hands, compared to its average volume of 22,149. The stock has a fifty day moving average of $25.22 and a two-hundred day moving average of $25.91. 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 firm has a market cap of $23.67 million, a P/E ratio of 31.45 and a beta of 2.88.

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.