Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Grows By 79.6%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 24,037 shares, a growth of 79.6% from the November 30th total of 13,382 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 28,114 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 28,114 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.9% of the company’s stock are short sold.

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

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock traded up $0.25 during midday trading on Monday, reaching $26.09. The company’s stock had a trading volume of 16,915 shares, compared to its average volume of 25,718. The stock has a market capitalization of $33.13 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 52-week low of $12.19 and a 52-week high of $29.00. The stock’s 50-day simple moving average is $25.54 and its 200-day simple moving average is $24.01.

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

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.