Leverage Shares 2X Long AAL Daily ETF (AALG)

The Leverage Shares 2X Long AAL Daily ETF is a single-stock leveraged fund that seeks daily investment results equal to two times (200%) the daily percentage change in the share price of American Airlines Group, the Fort Worth, Texas-based parent of American Airlines. It is part of the Leverage Shares line of U.S.-listed products offered by Themes ETFs.

The fund obtains its exposure mainly through swap agreements and similar derivatives referencing American Airlines stock, and it rebalances its exposure each day to maintain the 2x target. Because the objective resets daily, returns over periods longer than one day can differ significantly from twice the stock's return over the same period, particularly when the share price is volatile.

The ETF trades on the Nasdaq under the ticker AALG.