- Business
- Leverage Shares 3x Long Gold Miners ETP Securities (GDX3.L) is an exchange-traded product (ETP) that provides three times (3x) the daily performance of the VanEck Gold Miners ETF (GDX), before fees and expenses; it achieves this leveraged exposure through direct investment in GDX shares supplemented by borrowing to purchase additional shares, with an intraday rebalance mechanism to manage volatility; the ETP is collateralized, physically replicated, and features full ownership of underlying assets to minimize credit risk, with losses capped at the invested amount.
Launched on December 10, 2021, and domiciled in Ireland with ISIN XS2399369896, the ETP trades on the London Stock Exchange in USD and is available for sale in France, Germany, Ireland, the Netherlands, and the United Kingdom; it targets professional and sophisticated investors seeking amplified short-term exposure to gold mining equities across basic materials sectors in regions including Canada, emerging markets, the United States, Africa, and Australasia.
Leverage Shares Plc, the issuer, maintains headquarters operations linked to Greenwich, Connecticut, USA, and Dublin, Ireland, as part of its broader European ETP platform offering leveraged and inverse products on single stocks, ETFs, indices, and commodities; the GDX3.L ETP holds approximately 300% long exposure to GDX, reflecting its core holding, with cash positions used for margin.
In recent developments, Leverage Shares expanded its product suite significantly in 2025, launching 19 new ETPs on the London Stock Exchange in September, including first-ever 3x leveraged products on stocks like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH), alongside 5x long/short exposures on FTSE 100 and FTSE MIB indices and new offerings on Intel, Broadcom, ASML, and Eli Lilly; further growth included August 2025 introductions of 2x long daily ETFs on single stocks such as BigBear.ai (BBAI) and Galaxy Digital (GLXY) under its Themes ETFs branding.