Leverage Shares 2X Long BIDU Daily ETF (BIDG)

The Leverage Shares 2X Long BIDU Daily ETF (BIDG) is a leveraged single-stock fund from Leverage Shares. Its underlying stock is Baidu, Inc., the Beijing-based company that operates China's leading internet search engine and has expanded into artificial intelligence, cloud services and autonomous driving.

The fund seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the price of Baidu's U.S.-listed American depositary shares. Exposure is typically obtained through swap agreements, and the fund resets its leverage at the end of each trading day.

Because the 2x objective applies to a single day, returns over longer periods can deviate substantially from twice Baidu's return over the same period, particularly when the stock is volatile. The fund is intended for short-term trading.