Leverage Shares 2X Long TSEM Daily ETF (TSEG)

The Leverage Shares 2X Long TSEM Daily ETF (TSEG) is a leveraged single-stock fund that seeks daily investment results equal to two times (200%) the daily percentage change in the share price of Tower Semiconductor (TSEM). Tower Semiconductor is an Israel-based specialty foundry that manufactures analog, mixed-signal, power and radio-frequency chips for other companies.

The fund obtains its leverage mainly through swap agreements and other derivatives. Because it targets a 2x multiple of returns over a single day and resets daily, results over longer periods can differ substantially from twice the stock's return. The ETF is offered by Leverage Shares and trades on Cboe BZX.