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Portfolio Pulse from Melanie Schaffer
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares (UBOT) experienced a 3% increase in trading on Friday, following a strong rally in AI and tech stocks. UBOT is a double-leveraged fund that offers 2x daily leverage to bullish movements in the robotics, AI, and automation sector, with holdings in companies like NVIDIA Corporation (NVDA) and Intuitive Surgical, Inc (ISRG).
June 02, 2023 | 4:55 pm
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POSITIVE IMPACT
Intuitive Surgical, Inc (ISRG) is one of the holdings in UBOT, which experienced a 3% increase in trading on Friday. ISRG is weighted at 8.34% in the ETF.
ISRG is one of the holdings in UBOT, which experienced a 3% increase in trading on Friday. As a result, ISRG's stock price may be positively impacted in the short term due to its 8.34% weighting in the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
NVIDIA Corporation (NVDA) is one of the holdings in UBOT, which experienced a 3% increase in trading on Friday. NVDA is weighted at 8.91% in the ETF.
NVDA is one of the holdings in UBOT, which experienced a 3% increase in trading on Friday. As a result, NVDA's stock price may be positively impacted in the short term due to its 8.91% weighting in the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
UBOT's trading increased by 3% on Friday, following a strong rally in AI and tech stocks. The ETF has been in a consistent uptrend since March 15, but its RSI is at 73%, indicating it may be overbought.
UBOT's 3% increase in trading is a result of the strong rally in AI and tech stocks. The ETF has been in a consistent uptrend since March 15, making higher highs and higher lows. However, its RSI is at 73%, which indicates it may be overbought and could experience a pullback in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100