Leverage Shares 2x Long KLAC Daily ETF (KLAG)

The Leverage Shares 2x Long KLAC Daily ETF (KLAG) is a leveraged single-stock fund from Leverage Shares. It seeks to deliver twice the daily performance of the common stock of KLA Corporation, a supplier of process control, inspection and yield management equipment used in semiconductor manufacturing.

The fund achieves its leverage through swap agreements and other derivatives and resets its exposure every day. It therefore targets daily returns only, and its results over longer periods can differ significantly from twice KLA's cumulative return.

The fund is designed for short-term trading by investors who want magnified exposure to one company's share price rather than a diversified portfolio.