Leverage Shares 2X Long MP Daily ETF (MPG)

Leverage Shares 2X Long MP Daily ETF is a single-stock leveraged fund from Leverage Shares. It seeks daily investment results equal to two times (2x) the daily performance of MP Materials Corp., a U.S. producer of rare earth materials that operates the Mountain Pass mine in California.

The fund generally obtains its exposure through swaps and other derivatives. Its leverage objective applies to one trading day, and because exposure is reset each day, returns over longer periods can differ significantly from twice the stock's cumulative return. Shares trade on the Nasdaq.