Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Down 49.5% in May

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 5,670 shares, a decrease of 49.5% from the May 14th total of 11,228 shares. Based on an average daily trading volume, of 27,532 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Trading Down 0.6%

Shares of UBOT traded down $0.15 during midday trading on Friday, hitting $25.15. The stock had a trading volume of 19,166 shares, compared to its average volume of 24,057. The business has a 50-day simple moving average of $27.13 and a two-hundred day simple moving average of $26.35. The firm has a market cap of $29.43 million, a P/E ratio of 31.45 and a beta of 2.87. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a fifty-two week low of $18.76 and a fifty-two week high of $32.08.

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.