Leverage Shares 2x Long PYPL Daily ETF

Frequently Asked Questions About PYPG

What does PYPG invest in?

The Leverage Shares 2x Long PYPL Daily ETF, trading under the symbol PYPG, is a specialized 2x daily leveraged "bull" fund. It is specifically designed for active investors aiming to significantly amplify their short-term market gains. The primary objective of this ETF is to replicate two hundred percent (200%) of the daily performance of PYPL stock, before taking into account its inherent management fees and operating expenses.

What is the expense ratio of PYPG?

Leverage Shares 2x Long PYPL Daily ETF (PYPG) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

Is PYPG a good long-term hold?

PYPG is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does PYPG's daily reset work?

PYPG rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is PYPG?

Leverage Shares 2x Long PYPL Daily ETF (PYPG) manages $15.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PYPG actively managed or an index fund?

PYPG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.