- Business
- Leverage Shares -3x Short Facebook (META) ETP Securities (FB3S.L) is an exchange-traded product (ETP) that seeks to deliver -3x the daily return of Meta Platforms, Inc. stock, adjusted for fees and shorting costs, by tracking the iSTOXX 3x Inverse Leveraged FB Index through physical replication with short positions in the underlying stock and cash balances. Issued by Leverage Shares PLC, a specialist in leveraged and inverse ETPs founded in 2017 and headquartered at 2nd Floor, Block 5, Irish Life Centre, Abbey Street Lower, Dublin 1, Ireland, with additional operations in Greenwich, Connecticut, the product offers magnified inverse exposure via a transparent structure featuring full ownership of assets, multiple market makers for liquidity, an intraday rebalance airbag mechanism, and no margin requirements; it trades like an equity on exchanges including the London Stock Exchange (in USD as FB3S, GBP as SFB3, EUR as FBE), Frankfurt Stock Exchange, and others across the United Kingdom, Germany, Ireland, Italy, France, Spain, Netherlands, Poland, and Belgium. The ETP, launched on June 9, 2022 (ISIN: XS2800709557), targets sophisticated traders comfortable with daily compounding, leverage risks, and potential full loss of principal (but not more), with key risks including magnified losses from volatility decay over periods longer than one day and suitability only for intraday-monitored short-term positions. In September 2025, issuer Leverage Shares launched 19 new ETPs on the London Stock Exchange, including first-ever 3x leveraged products on stocks like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH), alongside expansions in indices such as FTSE 100 and FTSE MIB, 3x Long FAANG+ Basket, and exposures to Intel, Broadcom, ASML, Eli Lilly, Rheinmetall, and Futu; further growth included November 2025 additions of nine single-stock 2x Long Daily ETFs (e.g., on Nu Holdings, Cloudflare, Okta) under Leverage Shares by Themes, bringing its total leveraged single-stock offerings to 43, and October 2025 cross-listings of 21 IncomeShares products on Euronext Amsterdam to enhance European distribution.