- Business
- Leverage Shares 2x Long ABNB Daily ETF (ABNG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Airbnb, Inc. (NASDAQ: ABNB) common stock, before fees and expenses. The fund provides leveraged exposure through total return swaps on ABNB stock, including positions such as ABNB Inc. Swap CS (127.85% weighting), ABNB Inc. Swap MAR (35.28%), and ABNB Inc. Swap CF (36.81%), supplemented by cash equivalents; it features a total expense ratio of 0.75%, trades on NASDAQ under ticker ABNG (CUSIP: 882927130), and rebalances daily with losses capped to the invested amount and no margin call risk. Launched on November 17, 2025, as part of the Themes ETF Trust, ABNG targets sophisticated active traders in the consumer discretionary sector, with geographic focus on the United States.
Operated under Leverage Shares by Themes, a collaboration between Themes Management Company LLC (affiliated adviser) and Leverage Shares (licensor of leveraged ETP strategies), the fund forms part of a broader platform offering single-stock leveraged ETFs, thematic funds, and sector-based products across U.S. exchanges. Leverage Shares, founded in 2017 and headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, Connecticut, with additional offices in Dublin, Ireland, specializes in physical replication leveraged and inverse exchange-traded products (ETPs) listed primarily on the London Stock Exchange and expanding into U.S. ETFs via partnerships like Themes ETFs.
Recent developments include the November 17, 2025, launch of ABNG alongside eight other single-stock leveraged ETFs (e.g., on NU, NET, OKTA, TER, NEM, CMG, SPOT, SBUX), expanding Leverage Shares by Themes' lineup to over 30 U.S. leveraged products amid surpassing $1 billion in assets under management for Themes ETFs and Leverage Shares by Themes combined as of October 2025. In September 2025, Leverage Shares launched 19 new ETPs on the London Stock Exchange, introducing first-ever 3x leveraged products on stocks like HOOD, HIMS, UNH, INTC, AVGO, ASML, and LLY, plus 5x long/short on FTSE 100 and FTSE MIB indices, reflecting record trading volumes up 86% year-to-date through August 2025. These expansions underscore strategic growth in high-leverage single-stock, basket, and index ETPs/ETFs for experienced traders seeking magnified short-term exposure without traditional margin accounts.