- Business
- Leverage Shares 3x Boeing ETP (3BAE.L) is a physically replicated exchange-traded product (ETP) that seeks to deliver three times (3x) the daily performance of The Boeing Company (BA) common stock, adjusted for fees and costs associated with maintaining the leveraged position through direct investment in Boeing shares and margin borrowing. The ETP tracks the iSTOXX Leveraged 3x BA Index and features an intraday rebalance mechanism to manage volatility; it trades like an equity on major European exchanges including the London Stock Exchange (in USD, GBP, and EUR tickers: BA3, 3BA, 3BAE), Deutsche Boerse, Euronext Amsterdam, and Borsa Italiana, with multiple market makers ensuring liquidity. Key service providers include trustee Apex Corporate Trustees (UK) Ltd, margin providers Interactive Brokers LLC and Morgan Stanley & Co. LLC, and a total expense ratio capped at 0.75% annually; investor protection limits losses to the invested amount, targeting professional and retail investors seeking amplified exposure to Boeing in the aerospace and industrials sector.
Leverage Shares Plc, the Irish-domiciled issuer founded in 2017 and headquartered in Greenwich, Connecticut, with additional offices in Dublin, Ireland, pioneered single-stock leveraged and inverse ETPs in Europe, offering physical replication across 160+ products providing 5x, 3x, 2x long/short exposures to single stocks, ETFs, commodities, and trackers; the firm operates in eight countries, serving institutional and retail clients through regulated listings and white-label solutions for third-party asset managers.
Recent developments include Leverage Shares' aggressive product expansion, with launches of 19 new 3x single-stock ETPs on the London Stock Exchange in September 2025 covering stocks like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH); additional 2x and 3x leveraged ETFs via its US arm Leverage Shares by Themes on Nasdaq targeting semiconductors (ASML, ARM, TSM in January 2025), AI/financial leaders (BAI for Boeing 2x, GLXY in August 2025), and others (NU, NET, OKTA, etc., in November 2025); and entry as a crypto ETP issuer on SIX Swiss Exchange in November 2025 with triple-leveraged Bitcoin/Ethereum products. Year-to-date turnover through August 2025 rose 86% versus 2024, reflecting heightened demand amid record trading volumes, with no reported acquisitions, funding rounds, or reorganizations specific to the issuer or 3BAE.L product.