Leverage Shares 2X Long FPS Daily ETF (FPSX)

Leverage Shares 2X Long FPS Daily ETF (FPSX) is a leveraged single-stock exchange-traded fund from Leverage Shares, launched in 2026. It seeks daily investment results, before fees and expenses, of two times the daily percentage change in the share price of Forgent Power Solutions, Inc. (FPS).

Forgent Power Solutions, which went public in 2026, designs and manufactures electrical distribution equipment such as transformers, switchgear, switchboards and power distribution units for data centers, utilities and industrial facilities, and also provides maintenance and retrofit services. The fund obtains its leveraged exposure largely through swaps and other derivatives.

The 2x target applies to a single day. Leverage resets daily, so returns over longer periods can differ substantially from twice the stock's return.