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

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.