Leverage Shares 2X Long AMAT Daily ETF (AMAU)

The Leverage Shares 2X Long AMAT Daily ETF (AMAU) is a leveraged single-stock exchange-traded fund from Leverage Shares. It seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Applied Materials, the Santa Clara, California-based maker of equipment used to manufacture semiconductors and displays.

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 its performance over longer periods can differ significantly from twice the return of Applied Materials stock, especially in volatile markets.

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