Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Sees Large Growth in Short Interest

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 47,666 shares, an increase of 151.2% from the December 31st total of 18,976 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily volume of 27,039 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 27,039 shares, the short-interest ratio is currently 1.8 days. Currently, 3.9% of the shares of the company are short sold.

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

UBOT traded down $0.92 on Friday, reaching $26.90. The company had a trading volume of 14,840 shares, compared to its average volume of 24,417. The stock has a market cap of $32.82 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 fifty-two week low of $12.19 and a fifty-two week high of $29.00. The company’s fifty day moving average is $26.32 and its 200 day moving average is $25.09.

Institutional Trading of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares

A hedge fund recently raised its stake in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. raised its stake in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,915 shares of the company’s stock after acquiring an additional 1,205 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.13% of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares worth $42,000 as of its most recent SEC filing.

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.