Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Down 48.7% in February

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 25,484 shares, a drop of 48.7% from the January 29th total of 49,677 shares. Based on an average daily volume of 28,919 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 28,919 shares, the days-to-cover ratio is currently 0.9 days.

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

Shares of UBOT stock traded down $0.75 during trading hours on Friday, reaching $29.14. 13,848 shares of the company’s stock were exchanged, compared to its average volume of 24,801. The company’s 50 day moving average is $27.54 and its two-hundred day moving average is $25.82. The company has a market cap of $35.55 million, a P/E ratio of 31.45 and a beta of 2.71. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 1 year low of $12.19 and a 1 year high of $30.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,915 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

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.