- Business
- LS 1x Palantir Tracker ETC (1PLT.L) is an exchange-traded commodity (ETC) issued by Leverage Shares Public Limited Company that provides delta-one (1:1) daily exposure to the performance of Palantir Technologies Inc. (NYSE: PLTR), net of fees. Domiciled in Ireland and listed on the London Stock Exchange, it tracks the Palantir Investment Strategy via physical replication or swap arrangements with counterparties such as Interactive Brokers LLC or Morgan Stanley; the ISIN is XS2337092980, with no dividends paid and an annual management fee embedded in the tracking mechanism. Leverage Shares Public Limited Company, founded in 2017 and headquartered at 2nd Floor, Block 5, Irish Life Centre, Abbey Street Lower, Dublin 1, Ireland, specializes in single-stock and index ETPs/ETCs offering leveraged, inverse, and unleveraged exposures across equities, ETFs, and commodities for professional and retail investors in Europe.
The ETC targets investors seeking direct, cost-efficient access to Palantir Technologies' stock price movements without owning the underlying shares, primarily institutional traders, hedge funds, and sophisticated retail investors utilizing ISAs or SIPPs where eligible. It operates physically backed or synthetically through margin loans and stock positions, with daily rebalancing to maintain 1x exposure, and trades in GBP on the LSE with multiple market makers ensuring liquidity. Geographic availability spans the UK, EU markets including Germany, France, Netherlands, Ireland, Poland, Belgium, Sweden, Norway, Spain, and Italy.
In September 2025, Leverage Shares expanded its product suite with the launch of 19 new ETPs on the London Stock Exchange, including the first-ever 3x leveraged products on Robinhood (HOOD), Hims & Hers (HIMS), UnitedHealth (UNH), Intel (INTC), Broadcom (AVGO), ASML, Eli Lilly (LLY), Rheinmetall (RHM), and Futu (FUTU), alongside 5x long/short on FTSE 100 and FTSE MIB indices, a 3x long FAANG+ basket, and a white-label Pantarai ADAPT active ETP. This followed record trading volumes, with YTD turnover through August 2025 up 86% versus 2024 and average monthly trading up nearly 50% year-over-year, reflecting growing demand for single-stock leveraged products. No major acquisitions, funding rounds, or reorganizations specific to the issuer were reported in the last 1-2 years; the LS 1x Palantir Tracker ETC itself remains unchanged since issuance.