Leverage Shares 2X Long XPEV Daily ETF (XPEG)

The Leverage Shares 2X Long XPEV Daily ETF (XPEG) is a leveraged single-stock exchange-traded fund from Leverage Shares, a sponsor known for leveraged products on individual equities. It seeks daily investment results, before fees and expenses, equal to twice (2x) the daily percentage change in the American depositary shares of XPeng Inc.

XPeng is a Guangzhou-based maker of smart electric vehicles whose U.S.-listed shares trade under the ticker XPEV. The fund obtains its leveraged exposure through swap agreements and similar instruments and rebalances daily.

Because the 2x objective applies to a single trading day, compounding means returns over longer periods can differ substantially from twice the return of XPeng shares.