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) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 24,037 shares, an increase of 79.6% from the November 30th total of 13,382 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 28,114 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 28,114 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% during the 2nd quarter, according to the company in its most recent Form 13F 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 quarter.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Down 0.4%

UBOT stock opened at $25.84 on Friday. The business has a fifty day simple moving average of $25.56 and a 200-day simple moving average of $23.95. The company has a market cap of $32.82 million, a price-to-earnings 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.

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.