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 target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,228 shares, an increase of 63.9% from the April 30th total of 6,852 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 25,812 shares, the short-interest ratio is presently 0.4 days.

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

Shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock opened at $29.83 on Thursday. The stock has a market cap of $34.90 million, a P/E ratio of 31.45 and a beta of 2.88. The stock’s 50 day simple moving average is $26.39 and its 200-day simple moving average is $26.20. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 1-year low of $18.76 and a 1-year high of $32.08.

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.