Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Decreases By 49.5%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,670 shares, a drop of 49.5% from the May 14th total of 11,228 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 27,532 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Trading Down 0.6%

Shares of UBOT opened at $25.15 on Friday. The business’s 50 day moving average is $27.13 and its 200 day moving average is $26.35. The company has a market capitalization of $29.43 million, a PE ratio of 31.45 and a beta of 2.87. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12-month low of $18.76 and a 12-month high of $32.08.

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.