- CEO
- Calvin Tsang
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 34 East Putnam Avenue Greenwich CT United States of America 06830
- IPO Date
- Dec 16, 2025
- Business
- Leverage Shares 2x Long BE Daily ETF (BEG), issued by Themes ETF Trust under the Leverage Shares by Themes brand, is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the price of Bloom Energy Corporation (BE) common stock. The fund achieves its leveraged exposure through derivatives including swaps and options on BE stock, supplemented by holdings in cash equivalents such as the First American Treasury Obligations Fund and collateralized financing; its portfolio typically comprises four holdings with daily rebalancing, a total expense ratio of 0.75%, and trading on the NASDAQ exchange under ticker BEG (CUSIP: 88340F209). Launched on December 16, 2025, and domiciled in the United States, the ETF targets sophisticated active traders seeking magnified short-term returns without margin account risks or calls, though it carries significant volatility, compounding effects, and potential for full principal loss if BE declines over 50% in a single day.
The ETF operates within the leveraged single-stock ETP segment, providing bull exposure to BE's clean energy fuel cell technology across U.S. markets, with no international geographic operations specified beyond standard U.S. exchange listing. Leverage Shares by Themes, the product sponsor with roots in thematic and leveraged strategies since 2023, maintains headquarters aligned with U.S. operations and offers a broad suite of similar 2x daily leveraged ETFs on popular stocks including NIO, SNAP, BIDU, and others, as well as capped accelerated monthly products. The firm emphasizes low fees relative to peers and liquidity in ETF wrappers for stocks driving technology, energy, and market trends.
In recent developments as of December 2025, Leverage Shares by Themes expanded its portfolio with the launch of BEG alongside three new single-stock leveraged ETFs—IREG (2x Long IREN), GEVG (2x Long GEV), and SATG (2x Long SAT)—on December 16, 2025, broadening access to energy and digital infrastructure themes. Earlier in August 2025, the firm introduced BAIG (2x Long BBAI) and a companion on Galaxy Digital (GLXY), underscoring ongoing product innovation in AI, defense analytics, and crypto-related equities. These launches reflect strategic growth in high-conviction leveraged tools amid competitive fee positioning, with no reported acquisitions, funding rounds, or reorganizations in the past two years.