Leverage Shares 2X Long CRM Daily ETF (CRMG)

The Leverage Shares 2X Long CRM Daily ETF seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of the common stock of Salesforce, Inc. (CRM). The target applies to a single trading day, so returns over longer periods can differ substantially from the multiple of the stock's return because of daily compounding.

Salesforce, headquartered in San Francisco, provides cloud-based customer relationship management software along with sales, service, marketing, analytics and AI applications for businesses. The fund gets its exposure mainly through swap agreements and may also use options or hold shares of the stock, keeping its remaining assets in cash and short-term instruments.

The fund is sponsored by Leverage Shares by Themes. Because it resets its exposure every day, it is built as a short-term trading tool rather than a buy-and-hold investment.