Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Down 21.1% in December

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 18,976 shares, a decline of 21.1% from the December 15th total of 24,037 shares. Based on an average daily volume of 14,361 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.6% of the shares of the stock are sold short. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 14,361 shares, the days-to-cover ratio is presently 1.3 days.

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 holdings in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,915 shares of the company’s stock after buying 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.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Up 0.1%

NYSEARCA UBOT traded up $0.04 during trading on Friday, hitting $28.53. 21,654 shares of the stock traded hands, compared to its average volume of 26,493. The company has a market capitalization of $34.81 million, a P/E ratio of 31.45 and a beta of 2.71. The firm has a 50-day simple moving average of $25.54 and a 200-day simple moving average of $24.69. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12-month low of $12.19 and a 12-month high of $29.00.

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.