Leverage Shares 2x Long DUOL Daily ETF
DUOG
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Paul Bartkowiak
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 34 East Putnam Avenue Greenwich CT United States of America 06830
- IPO Date
- Dec 11, 2025
- CIK
- 0001976322
- Website
- 21shares.com
- Similar Companies
- Business
- Leverage Shares 2X Long DUOL Daily ETF (DUOG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Duolingo, Inc. (DUOL) common stock, before fees and expenses. The fund achieves this leveraged exposure primarily through investments of at least 80% of its net assets in swaps and financial instruments tied to DUOL, supplemented by cash equivalents such as the First American Treasury Obligations Fund; it features a total expense ratio of 0.75%, daily rebalancing, and trading on Nasdaq under the ticker DUOG with CUSIP 88340F738. Launched on December 11, 2025, DUOG targets active traders and sophisticated investors comfortable with the risks of leveraged products, including potential full principal loss in a single day if DUOL declines more than 50%, volatility decay over periods longer than one day, and compounding effects that may cause returns to diverge significantly from 2x DUOL's performance. Leverage Shares by Themes, the issuer under Themes ETF Trust, offers DUOG as part of an expansive suite of single-stock leveraged ETFs providing 2x daily bull exposure to prominent U.S. equities across sectors like technology, consumer discretionary, mining, and logistics; the portfolio now includes over 50 such products, including recent additions like 2x Long ETFs on Opendoor Technologies (OPEN), Cipher Mining (CIFR), Grab Holdings (GRAB), Lithium Americas (LAC), United Parcel Service (UPS), IREN, Bloom Energy (BE), GE Vernova (GEV), and EchoStar (SATS). The firm also provides complementary offerings such as 2x Capped Accelerated Monthly ETFs (e.g., on Coinbase, MicroStrategy, Nvidia) that target amplified upside with capped protection on downside, alongside leveraged and inverse ETPs listed in Europe. These products emphasize low-cost access (0.75% fees below industry averages for peers), liquidity without margin calls, and no direct holdings in underlying stocks. In a major recent expansion on December 11, 2025, Leverage Shares by Themes launched DUOG alongside five companion 2x Long Daily ETFs tracking OPEN, CIFR, GRAB, LAC, and UPS, bringing its U.S. single-stock leveraged lineup to 49 funds amid rising investor demand for tactical, high-conviction trading tools. This followed similar product rollouts in November 2025 (e.g., Nu Holdings, Cloudflare, Okta) and ongoing 2025 growth, including capped accelerated series in August and additional launches like ASML, ARM, and TSMC in January, reflecting a strategic push into U.S. markets with over 160 ETPs globally. Headquartered in Greenwich, Connecticut, Leverage Shares traces its origins to 2017 as Europe's largest single-stock ETP issuer before extending operations via Themes ETFs for U.S.-listed products; it serves institutional and retail investors focused on short-term directional bets without derivatives margin risks.