Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Short Interest Up 257.0% in July

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 43,973 shares, a growth of 257.0% from the July 15th total of 12,319 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,295 shares, the short-interest ratio is currently 2.7 days.

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

NYSEARCA UBOT traded down $0.11 during trading on Thursday, hitting $25.27. 1,935 shares of the stock traded hands, compared to its average volume of 21,672. The company has a market capitalization of $27.04 million, a P/E ratio of 31.45 and a beta of 2.90. The firm has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $25.67. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12-month low of $19.12 and a 12-month high of $32.08.

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.