Leverage Shares 2x Long FCX Daily ETF (FCXG)

The Leverage Shares 2x Long FCX Daily ETF (FCXG) is a single-stock leveraged ETF from Leverage Shares. Its underlying stock is Freeport-McMoRan (NYSE: FCX), the Phoenix-based mining company that produces copper, gold and molybdenum.

The fund seeks daily investment results, before fees and expenses, of two times the daily percentage change in Freeport-McMoRan's share price. It gains this exposure primarily through swap agreements and rebalances its leverage each trading day.

Because the multiple applies to daily returns only, performance over longer periods can differ substantially from twice the stock's return. The fund is designed for short-term exposure to a single company rather than as a diversified holding.