Symbols

UBOT

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares·ARCA

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Key Stats

Assets Under Management

32.55MUSD

Fund Flows (1Y)

867.60KUSD

Dividend Yield

0.95%

Discount/Premium to NAV

0.03%

Shares Outstanding

1.27M

Expense Ratio

1.32%

About Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-robotics-artificial-intelligence-automation-index-bull-2x-etf

Inception Date

Apr 19, 2018

Structure

Open-Ended Fund

Index Tracked

Indxx Global Robotics and Artificial Intelligence Thematic Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

UBOT offers leveraged exposure to firms developing and producing robots, automated products and services, and artificial intelligence. Selected companies must earn more than half their revenue from these activities, or demonstrate commitment to the space in other ways, such as investments or acquisitions. Its methodology also includes a 6% capping scheme per company at each semi-annual reconstitution. Unlike BOTZ, a Global X fund that tracks the same index, UBOT offers investors 2x leveraged exposure, rebalanced daily. As a levered product, the fund presents different risks than other types of funds and is thus not a buy-and-hold investment. It should not be expected to provide index leverage returns greater than a one-day period. Prior to October 30, 2020, the fund's leverage factor was daily 3x exposure.