Leverage Shares 2X Long TEL Daily ETF (TELG)

The Leverage Shares 2X Long TEL Daily ETF (TELG) is a leveraged single-stock exchange-traded fund from Leverage Shares that seeks daily investment results equal to 200% of the daily percentage change in the share price of TE Connectivity (NYSE: TEL).

TE Connectivity designs and manufactures connectors and sensors used in automobiles, industrial equipment, data communications, aerospace and medical devices. The fund obtains its leveraged exposure primarily through swap agreements referencing TE Connectivity shares.

Because the 2x target is reset daily, compounding causes the fund's returns over longer periods to diverge from twice the stock's return. The fund is designed for short-term trading rather than long-term investment.