Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Drops By 49.2%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,852 shares, a decrease of 49.2% from the April 15th total of 13,484 shares. Based on an average daily volume of 17,812 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

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

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock opened at $29.89 on Monday. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a one year low of $18.76 and a one year high of $32.08. The business has a fifty day moving average price of $24.90 and a 200-day moving average price of $25.95. The firm has a market capitalization of $34.97 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.