NUG was created on 2025-11-17 by Leverage Shares. The fund's investment portfolio concentrates primarily on financials equity. NUG is actively managed, aiming to provide daily 2x leveraged exposure to the price performance of Nu Holdings Limited (NYSE: NU) stock, less fees, and expenses. The fund uses derivatives to pursue its objective. NU is known for Nubank, offering low-fee, mobile-first financial services across Latin America.