Leverage Shares 2X Long AMD Daily ETF (AMDG)

The Leverage Shares 2X Long AMD Daily ETF (AMDG) 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 Advanced Micro Devices, the Santa Clara, California-based designer of processors and graphics chips.

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 periods longer than one day can differ significantly from twice the return of AMD stock, especially when the stock is volatile.

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