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23.38990 USD
0.1591
0.68%
Last update Sep 9, 3:51 PM EDT
Market closed
Day range
23.23870
23.92140
Previous close
23.54900
Open
23.58000
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Leverage Shares 2x XYZ
23.39
0.16
0.68%

Overview

Description

Leverage Shares 2x XYZ is an exchange-traded fund designed to offer investors double (200%) the daily return of Block Inc. (formerly known as Square). Classified as a leveraged single-stock ETF, it utilizes financial instruments such as swaps and options to target twice the daily price movement of its underlying stock. Unlike traditional ETFs, this fund resets its leverage daily, making it more suitable for active traders aiming to capitalize on short-term opportunities in Block’s share price. The fund is actively managed, maintaining at least 80% of its net assets in financial derivatives that provide the intended leverage. It features an industry-low management fee for its category and is structured to cap losses at the amount invested, mitigating the risk of margin calls often associated with direct leverage. The ETF’s primary appeal lies in its ability to amplify gains and losses, serving as a tactical trading tool rather than a long-term holding. With its focus on a key player in digital payments and fintech innovation, Leverage Shares 2x XYZ plays a significant role for those seeking targeted, amplified exposure to market movements in the sector.

About

CEO
Employees
0
Address
Phone
Website
Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XNMS
Market closed

Exchange is currently closed
Pre-market opens in 5 hours 39 minutes

22:20
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).