Direxion Daily Gold Bull 2X ETF
UGLD
New York Stock Exchange Arca24.62
USD
-0.71
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Direxion Daily Gold Bull 2X ETF
UGLD
(New York Stock Exchange Arca)
Recent
price
24.62
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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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.- Similar Companies
- Business
- VelocityShares 3x Long Gold ETN Linked to the S&P GSCI Gold Index ER (Ticker: UGLD) is a structured note designed to deliver three times the daily performance of the S&P GSCI Gold Index ER. The issuer seeks to provide investors with amplified exposure to gold futures within a single tradable note, using a debt instrument format that matures on a specified date. Main products and services - VelocityShares 3x Long Gold ETN (UGLD): notes that aim to triple daily returns of the S&P GSCI Gold Index ER through long gold futures exposure. - Supporting index methodology and tracking framework: provides the rules and mechanisms by which UGLD seeks 3x leveraged exposure on daily intervals. - Market data and trading services: delivers liquidity, pricing, and market information for the ETN on supported exchanges. Latest major company changes - Strategic product updates and disclosures: periodic updates to prospectuses and FAQs clarifying leverage mechanics, daily reset features, and risk disclosures for 3x leveraged exposure. - Listing and trading adjustments: potential adjustments to listing venues, liquidity programs, and collateral or replication strategies in response to regulatory and market developments. - Operational and structural changes: routine reorganizations or updates to governance and risk management practices tied to collateral management, credit risk, and counterparty exposure; changes that may accompany shifts in issuer counterparties or domicile considerations. Additional context - Industry and segments: exchange-traded notes (ETNs) focused on commodity futures and bullion exposure, with a leverage component that targets thrice the daily movement of a commodity index. - Target markets and customers: institutional and retail investors seeking magnified exposure to gold price movements without directly trading gold futures or bullion, subject to higher risk and cost of leverage. - Geographic operations: globally marketed ETN with listings on multiple exchanges; issuer operations largely centralized through Credit Suisse entities, with cross-border structuring. - Founding year and headquarters: notes launched in the early 2010s; issuer historically linked to Credit Suisse Nassau Branch for UGLD/UGLDF offerings; headquarters ashore in jurisdictions relevant to structured note issuance and custody. - Subsidiaries and parent relationships: issued as part of VelocityShares product family; credit and liquidity backing and custody arrangements involve the issuer and affiliate institutions as per the note’s prospectus and documentation. Notes - UGLD is a leveraged instrument that seeks daily 3x exposure; its performance over longer horizons may deviate materially from 3x due to compounding, volatility, and tracking methodology. - Investors should closely review the prospectus for risk factors, including leverage decay, counterparty risk, and liquidity considerations.
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