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GOO3

LSE
41.67500 USD
1.615
4.03%
Last update Jul 11, 4:28 PM BST
Market closed
Day range
39.97000
41.67500
Previous close
40.060001
Open
40.47000
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Leverage Shares 3x Alphabet ETP
41.68
1.61
4.03%

Overview

Description

The Leverage Shares 3x Alphabet ETP is a financial product designed to provide leveraged exposure to Alphabet Inc., the parent company of Google and one of the most influential tech giants in the world. This exchange-traded product aims to amplify the daily return of Alphabet’s stock by a factor of three, making it an option for investors looking to capitalize on short-term movements in the share price. This ETP uses derivatives to achieve its leverage, thus requires active management due to the daily rebalancing to maintain its leveraged position. Alphabet's vast ecosystem spanning internet services, technology development, digital advertising, and artificial intelligence makes this ETP particularly significant for traders focused on tech-sector dynamics. By offering expanded returns, the Leverage Shares 3x Alphabet ETP plays a notable role for speculative traders who have a strong conviction in Alphabet’s short-term stock performance. However, the nature of leverage also introduces higher risks, making this product more suitable for those with a deep understanding of market volatility and its inherent risks.

About

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Instrument type
Common stock
Sector
Industry
Country
United Kingdom
MIC code
XLON
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