Direxion Daily Gold Bull 2X ETF (UGLD) is an exchange-traded fund in the Trading Leveraged Equity category. It has $9.90M in assets and an expense ratio of 1.07%. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in the economic equivalents of gold by investing in one or more Reference ETPs that invest directly in gold and financial instruments that provide 200% daily exposure to the Reference ETPs. It is non-diversified.