Leverage Shares 2x Long NEM Daily ETF (NEMG)

The Leverage Shares 2x Long NEM Daily ETF (NEMG) is a single-stock leveraged ETF from Leverage Shares by Themes. It seeks daily investment results, before fees and expenses, of 200% (two times) the daily percentage change in the share price of Newmont Corporation.

Newmont, based in Denver, is a gold mining company, with mines across several continents that also produce copper, silver and other metals. The fund generally obtains its leveraged exposure through swap agreements with financial institutions and may also hold shares of the stock directly, keeping the balance of its assets in cash and short-term instruments.

Because the leverage resets every trading day, the fund targets daily returns only. Over periods longer than one day its performance can differ significantly from twice the return of the underlying stock, especially when the stock is volatile.