Leverage Shares 2X Long TER Daily ETF (TERG)

The Leverage Shares 2X Long TER Daily ETF (TERG) 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 Teradyne, Inc. (NASDAQ: TER).

Teradyne designs and manufactures automated test systems for semiconductors and electronic products and also has a robotics business focused on collaborative robots and autonomous mobile robots. The fund uses swap agreements and similar instruments to obtain its leveraged exposure.

The 2x target applies to single-day returns only. Compounding over multiple days means the fund's results can differ markedly from twice Teradyne's return over longer periods, so it is designed as a short-term trading vehicle.