Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Expands By 57.7%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 25,700 shares, a growth of 57.7% from the August 31st total of 16,300 shares. Based on an average trading volume of 27,200 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 27,200 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Trading Down 2.9%

Shares of UBOT opened at $26.99 on Wednesday. The firm has a market cap of $34.28 million, a PE ratio of 31.45 and a beta of 3.11. The firm has a fifty day simple moving average of $23.66 and a two-hundred day simple moving average of $20.71. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 1-year low of $12.19 and a 1-year high of $28.01.

Institutional Investors Weigh In On Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares

An institutional investor recently raised its position in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. lifted its stake in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,915 shares of the company’s stock after purchasing an additional 1,205 shares during the period. SBI Securities Co. Ltd. owned 0.13% of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares worth $42,000 at the end of the most recent reporting period.

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.