Leverage Shares 2X Long UUUU Daily ETF (UUUG) is an exchange-traded fund that provides 2x leveraged exposure to the daily price performance of Energy Fuels Inc. (NYSE American: UUUU), a leading U.S. uranium and rare earth elements producer. The ETF seeks to deliver investment results that correspond to two times the daily performance of UUUU shares, before fees and expenses, using swap agreements and other financial instruments to achieve its leveraged objective; it does not invest directly in UUUU stock. Leverage Shares, the issuer, offers a range of leveraged and inverse ETPs tracking individual stocks, indices, and commodities across bullish and bearish strategies, including daily 2x and -1x products listed on U.S. exchanges.
Founded in 2018 and headquartered in London, United Kingdom, with operations extending to the United States through its U.S.-listed ETFs, Leverage Shares targets sophisticated retail and institutional investors seeking amplified exposure to specific equities like those in the energy, mining, and clean energy sectors. The UUUG ETF, launched in 2024, caters primarily to traders focused on short-term directional bets on uranium market dynamics and Energy Fuels' operational performance in uranium mining, mineral processing, and rare earth production.
In recent developments, Leverage Shares expanded its U.S. product suite in 2025 with additional single-stock leveraged ETFs amid growing demand for uranium-related investments driven by global nuclear energy resurgence; the company also announced strategic partnerships with market makers to enhance liquidity for products like UUUG. No major acquisitions or reorganizations were reported in the last 18 months, though the firm continues to innovate with new leveraged offerings tied to commodities and tech stocks.