Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF
UBOT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Apr 19, 2018
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares (UBOT) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index. The fund provides magnified exposure to exchange-listed companies in developed markets positioned to benefit from the adoption of robotics and artificial intelligence technologies, including industrial robots and production systems, automated inventory management, unmanned vehicles, voice/image/text recognition, and medical robots or robotic instruments; it employs derivatives such as swaps and futures, with significant holdings in the Global X Robotics & Artificial Intelligence ETF (BOTZ), government cash management instruments, and related swaps. Launched on April 19, 2018, and domiciled in the United States, UBOT trades on the NYSE Arca exchange and is managed by Rafferty Asset Management, LLC, under the Direxion Shares ETF Trust, with the sponsor headquartered at 1301 Avenue of the Americas, 28th Floor, New York, New York. The Indxx Global Robotics and Artificial Intelligence Thematic Index targets companies with minimum market capitalizations of $100 million and average daily turnover of at least $2 million over six months, emphasizing sectors such as capital goods (42.90%), software and services (15.06%), technology hardware and equipment (14.51%), semiconductors (10.93%), and health care equipment (10.53%); top constituents include NVIDIA (10.93%), ABB Ltd. (8.23%), Intuitive Surgical (7.72%), Keyence (7.43%), and Fanuc (7.15%). UBOT serves sophisticated investors seeking short-term tactical trading opportunities in the robotics, AI, and automation theme, rather than long-term buy-and-hold strategies, given its daily leverage reset and heightened volatility. Recent operational updates include the launch of Direxion's ETF Alert Service on January 23, 2024, enabling automated price and volume notifications via text message; quarterly income distributions in 2024 and 2025, such as $0.1025 per share on December 23, 2024, $0.0806 on September 24, 2024, $0.0226 on March 25, 2025, and $0.0534 on June 24, 2025; and a contractual expense limitation agreement by Rafferty through September 1, 2026, capping total annual operating expenses at 0.95% (excluding certain costs like acquired fund fees), resulting in a net expense ratio of 1.32%.