Leverage Shares 2X Long SMTC Daily ETF (SMTG)

Leverage Shares 2X Long SMTC Daily ETF (SMTG) seeks daily investment results, before fees and expenses, equal to two times the daily performance of the common stock of Semtech Corporation. It is a single-stock leveraged fund sponsored by Leverage Shares, and its objective resets every trading day.

The fund obtains its exposure mainly through swap agreements and other derivatives on the underlying shares rather than simply holding the stock, keeping the remaining assets in cash and short-term instruments as collateral. Because the multiple applies to each day separately, results over periods longer than one day can differ meaningfully from two times the stock's return over the same period.

The underlying company: Semtech designs analog and mixed-signal semiconductors and IoT connectivity products, including high-speed optical and data center chips and LoRa wireless technology.