Leverage Shares 2X Long ECHO Daily ETF (ECHX)

The Leverage Shares 2X Long ECHO Daily ETF (ECHX) is a leveraged single-stock fund from Leverage Shares. It seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in the share price of the company trading under the ticker ECHO.

The fund uses swaps and other derivatives to obtain its leveraged exposure and resets it each trading day. Because the 2x objective applies to a single day, returns over longer periods can differ substantially from twice the underlying stock's performance. It is intended for short-term trading.