Leverage Shares 2X Long MCHP Daily ETF (MCHG)

The Leverage Shares 2X Long MCHP Daily ETF is a single-stock leveraged fund that seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Microchip Technology Inc., the Arizona-based maker of microcontrollers, analog chips and other semiconductors.

The fund obtains its leveraged exposure mainly through swap agreements and may also hold shares of Microchip. Because it resets its leverage every trading day, it targets only the daily multiple; over periods longer than one day, compounding can cause its return to differ significantly from two times the stock's performance. The fund is sponsored by Leverage Shares, a provider of leveraged and inverse exchange-traded products.