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) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 43,973 shares, a growth of 257.0% from the July 15th total of 12,319 shares. Based on an average daily volume of 16,295 shares, the days-to-cover ratio is currently 2.7 days. Approximately 4.1% of the company’s stock are short sold.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Down 0.7%

Shares of UBOT opened at $25.24 on Friday. The business’s fifty day moving average is $24.09 and its 200 day moving average is $25.65. 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 stock has a market cap of $27.01 million, a P/E ratio of 31.45 and a beta of 2.90.

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.