- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Mar 13, 2025
- Business
- Leverage Shares 2X Long COST Daily ETF (COTG) is an actively managed exchange-traded fund that provides two times (200%) the daily performance of Costco Wholesale Corporation (COST) common stock, less fees and expenses. The ETF, issued under Themes ETF Trust, utilizes financial instruments including swaps with counterparties such as Cantor, Clearstreet, and Marex, alongside cash equivalents like First American Treasury Obligations Fund; it maintains a total expense ratio of 0.75%, trades on NASDAQ under ticker COTG (CUSIP 882927247), and features daily rebalancing with four primary holdings. Leverage Shares offers a broader suite of leveraged ETFs and ETPs, including 2x, 3x, and 5x long and inverse products on single stocks (such as HOOD, HIMS, UNH, INTC, AVGO, ASML, LLY), indices (FTSE 100, FTSE MIB), baskets (FAANG+), and options-based ETPs on entities like Tesla, Nvidia, and MicroStrategy; these physically backed products, which avoid derivatives like swaps in certain ETPs, target active traders across consumer staples, technology, healthcare, and commodities sectors.
Launched on September 18, 2025, with headquarters in Greenwich, Connecticut, Leverage Shares operates primarily in the United States through its US ETF platform while maintaining a global presence with ETP listings on the London Stock Exchange, Euronext Amsterdam, Börse Frankfurt, and Borsa Italiana; the firm, founded in 2017 by José Gonzalez-Navarro and others following the sale of Global X ETFs, expanded aggressively in 2025. Recent developments include the September 2025 debut of 19 new ETPs on the LSE, introducing the first 3x leveraged products on Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH), alongside 3x exposures to Intel, Broadcom, ASML, and Eli Lilly, driving year-to-date turnover up 86% through August versus 2024. In November 2025, Leverage Shares by Themes further broadened its single-stock leveraged ETF lineup with additions tracking Nu Holdings (NU), Cloudflare (NET), Okta (OKTA), Teradyne (TER), Newmont (NEM), Chipotle (CMG), Airbnb (ABNB), Spotify (SPOT), and Starbucks (SBUX).