Leverage Shares 2X Long NET Daily ETF (NETG)

The Leverage Shares 2X Long NET Daily ETF (NETG) 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 Cloudflare, Inc.

Cloudflare, based in San Francisco, runs a global network that provides content delivery, security, DNS, Zero Trust access and edge computing services for websites and applications. 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.