Leverage Shares Lists Nine 2x Single-Stock ETFs on Cboe

Leverage Shares listed nine new 2x long single-stock ETFs on the Cboe exchange, with trading beginning May 12, 2026. Each fund is constructed to target 200% of the daily performance of a single U.S.-listed stock; the initial lineup includes Eaton, Seagate, Caterpillar and Honeywell. Leverage Shares set a management fee of 0.35% for all nine funds.

The ETFs use swaps and other derivatives to create leveraged exposure instead of holding the underlying shares. They aim to deliver roughly twice the reference stock’s daily return: a 3% rise in the stock would correspond to about a 6% gain in the fund for that day, and a 3% decline would imply about a 6% loss.

The funds reset their exposure each trading day. Over multiple days, compounding can make performance differ significantly from a simple twofold multiple. In volatile or sideways markets, repeated daily resets can reduce fund value even when the underlying stock ends up near flat over a longer period, a pattern described as volatility decay.

Leverage Shares obtains leverage through swap agreements with counterparties, which creates counterparty risk tied to the financial strength of those institutions. The 0.35% fee places the funds at the lower end of U.S. leveraged single-stock ETF fees.

The new listings compete with similar products from other issuers, including Tradr ETFs. The funds target high-volume industrial and technology companies and are positioned for active traders seeking amplified short-term exposure without trading options or borrowing on margin.

Registered with the Securities and Exchange Commission and trading on a major U.S. exchange, the ETFs provide daily net asset value reporting and are subject to U.S. regulatory oversight. Prospectuses include warnings about holding periods longer than one day and explain the risks of daily resetting, derivative use and counterparty exposure.