Leverage Shares 2X Long GLW Daily ETF (GLWG)

The Leverage Shares 2X Long GLW Daily ETF (GLWG) is a leveraged single-stock fund from Leverage Shares. It aims to deliver two times the daily percentage change in the share price of Corning Incorporated, the materials science company known for specialty glass, ceramics and optical fiber.

The fund achieves its exposure mainly through swap agreements and other derivatives and rebalances each day to maintain its 2x target. As a result, returns over periods longer than a single day can differ significantly from twice the return of Corning stock.

The ETF is intended for short-term use and is listed on Nasdaq.