Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Drops By 49.2%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOTGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 6,852 shares, a decline of 49.2% from the April 15th total of 13,484 shares. Based on an average daily volume of 17,812 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

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

Shares of UBOT traded down $1.31 during trading hours on Friday, reaching $29.89. 25,029 shares of the company traded hands, compared to its average volume of 23,590. The stock’s fifty day moving average is $24.90 and its 200 day moving average is $25.97. 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. The stock has a market cap of $34.97 million, a P/E ratio of 31.45 and a beta of 2.88.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Company Profile

(Get Free Report)

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.

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