Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Drops By 40.8%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 26,050 shares, a decline of 40.8% from the July 30th total of 43,973 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 15,621 shares, the days-to-cover ratio is currently 1.7 days.

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

Shares of NYSEARCA UBOT traded up $0.06 during trading on Monday, reaching $22.66. 2,102 shares of the stock traded hands, compared to its average volume of 21,234. The stock has a market capitalization of $24.25 million, a P/E ratio of 31.45 and a beta of 2.90. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 52-week low of $19.12 and a 52-week high of $32.08. The company has a 50-day moving average of $23.52 and a 200-day moving average of $25.37.

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.