Leverage Shares 2x Long BE Daily ETF (BEG)

The Leverage Shares 2x Long BE Daily ETF (BEG) is a leveraged single-stock fund from Leverage Shares, a sponsor known for leveraged and inverse exchange-traded products on individual stocks. Its underlying stock is Bloom Energy Corporation, the California company that develops solid oxide fuel cell power systems and electrolyzers.

The fund seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in Bloom Energy's share price. It generally achieves this exposure through swap agreements and may also hold shares of the underlying stock, resetting its leverage each trading day.

Because the 2x target applies only to daily returns, performance over periods longer than one day can diverge significantly from twice Bloom Energy's return over the same period as a result of compounding. The fund is designed for short-term trading.