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) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 43,973 shares, an increase of 257.0% from the July 15th total of 12,319 shares. Based on an average daily trading volume, of 16,295 shares, the short-interest ratio is currently 2.7 days. Approximately 4.1% of the shares of the stock are short sold.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Trading Down 0.4%

Shares of NYSEARCA:UBOT traded down $0.11 during trading on Thursday, reaching $25.27. The company’s stock had a trading volume of 1,935 shares, compared to its average volume of 21,672. 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 firm’s 50 day simple moving average is $24.19 and its two-hundred day simple moving average is $25.67. The stock has a market capitalization of $27.04 million, a PE ratio of 31.45 and a beta of 2.90.

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.