Leverage Shares 2X Long GRAB Daily ETF (GRAG)

The Leverage Shares 2X Long GRAB Daily ETF (GRAG) is a leveraged single-stock fund from Leverage Shares. It seeks daily investment results equal to two times the daily percentage change in the shares of Grab Holdings Limited, the Southeast Asian ride-hailing, food delivery and digital payments company.

The fund obtains its exposure mainly through swap agreements and rebalances each day to maintain its 2x target. As a result, returns over periods longer than one day can differ significantly from twice the return of Grab shares.

The ETF trades on Nasdaq and is designed for short-term trading.