Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Declines By 40.6%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 6,122 shares, a drop of 40.6% from the March 15th total of 10,299 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 21,379 shares, the short-interest ratio is presently 0.3 days.

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

UBOT remained flat at $23.46 during midday trading on Monday. The company’s stock had a trading volume of 14,401 shares, compared to its average volume of 23,546. The business has a fifty day moving average of $24.99 and a 200 day moving average of $25.77. The stock has a market cap of $27.45 million, a price-to-earnings ratio of 31.45 and a beta of 2.82. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12 month low of $14.03 and a 12 month high of $30.22.

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.