Leverage Shares 2X Long IREN Daily ETF (IREG)

The Leverage Shares 2X Long IREN Daily ETF is a single-stock leveraged fund from Leverage Shares. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of IREN Limited, the company formerly known as Iris Energy, which runs data centers for bitcoin mining and AI computing.

The fund generally uses swaps and other derivatives to achieve its exposure. Its leverage is reset daily, so its stated objective applies only to one trading day, and over longer periods compounding can cause its returns to differ substantially from twice IREN's performance. The fund is intended for short-term trading.