Leverage Shares 2X Long ALB Daily ETF (ALBG)

The Leverage Shares 2X Long ALB Daily ETF (ALBG) is a leveraged single-stock exchange-traded fund from Leverage Shares, the brand behind a range of leveraged and inverse products. It seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Albemarle, the specialty chemicals company and major lithium producer headquartered in Charlotte, North Carolina.

The fund achieves its leveraged exposure mainly through derivatives such as swap agreements. Because the 2x objective resets each trading day, the fund targets daily returns only, and over periods longer than one day its returns can differ significantly from twice the return of Albemarle stock, especially when the stock is volatile.

The fund is intended for short-term trading. Its shares are listed on Nasdaq.