Short Interest in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Drops By 49.5%

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,670 shares, a drop of 49.5% from the May 14th total of 11,228 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 27,532 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares Stock Up 6.0%

Shares of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock traded up $1.50 during midday trading on Monday, hitting $26.65. The company had a trading volume of 21,872 shares, compared to its average volume of 24,037. The stock has a market cap of $31.18 million, a price-to-earnings ratio of 31.45 and a beta of 2.87. The company has a fifty day simple moving average of $27.24 and a 200 day simple moving average of $26.40. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a 12-month low of $18.76 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.