Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) Sees Significant Decline in Short Interest

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 25,484 shares, a drop of 48.7% from the January 29th total of 49,677 shares. Based on an average daily volume of 28,919 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.1% of the shares of the stock are sold short. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 28,919 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares stock. SBI Securities Co. Ltd. lifted its position in Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares (NYSEARCA:UBOT) by 169.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,915 shares of the company’s stock after purchasing an additional 1,205 shares during the quarter. SBI Securities Co. Ltd. owned about 0.13% of Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares worth $42,000 at the end of the most recent reporting period.

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

NYSEARCA UBOT opened at $29.89 on Friday. The stock’s fifty day moving average is $27.46 and its two-hundred day moving average is $25.76. The firm has a market capitalization of $36.47 million, a P/E ratio of 31.45 and a beta of 2.71. Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2x Shares has a fifty-two week low of $12.19 and a fifty-two week high of $30.22.

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

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.