Leverage Shares 2X Long TSLA Daily ETF (TSLG)

The Leverage Shares 2X Long TSLA Daily ETF (TSLG) 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 Tesla, Inc. (TSLA), the maker of electric vehicles, battery storage systems and solar products.

The fund gains its leveraged exposure mainly through swap agreements. Because it targets 2x returns for a single day and rebalances daily, its performance over periods longer than one day can differ meaningfully from twice Tesla's return, especially when the stock is volatile. The ETF is offered by Leverage Shares and trades on the Nasdaq.