- Business
- Leverage Shares 2X Long GEV Daily ETF (GEVG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily performance of GE Vernova Inc. (NYSE: GEV) common stock, before fees and expenses; it employs derivatives such as total return swaps on GEV, including GE Vernova Swap CF, GE Vernova Swap CS, and GE Vernova Swap MAR, alongside cash equivalents like the First American Treasury Obligations Fund for collateral and liquidity management. The ETF trades on NASDAQ under the ticker GEVG with CUSIP 88340F308 and ISIN US88340F3082, featuring a total expense ratio of 0.75%, daily rebalancing, and no margin call risk due to its liquid ETF structure. Issued through Themes ETF Trust by Leverage Shares LLC, headquartered in Greenwich, Connecticut, the fund targets sophisticated active traders and retail investors seeking amplified short-term exposure to GEV in the industrials sector, primarily within the United States market.
Launched on December 16, 2025, GEVG represents a recent expansion in Leverage Shares' U.S. single-stock leveraged ETF suite under the "Leverage Shares by Themes" branding, established in 2023 by Leverage Shares' co-founders to offer thematic and leveraged products via Themes Management Company LLC as advisor. On the same launch date, Leverage Shares introduced companion ETFs providing 2x leveraged exposure to Iris Energy Ltd. (IREN), Bloom Energy Corp. (BE), and EchoStar Corp. (SATS), broadening its portfolio of daily leveraged instruments available on U.S. exchanges. This follows a pattern of aggressive product innovation, including September 2025 launches of 19 new ETPs on the London Stock Exchange with first-ever 3x leveraged products on stocks like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH); November 2025 rollout of 3x Bitcoin and Ethereum ETPs on Switzerland's SIX Exchange; and October 2025 cross-listings of 21 IncomeShares products on Euronext Amsterdam.
Leverage Shares, founded in 2017, pioneered single-stock ETPs in Europe with over 160 leveraged, inverse, and unleveraged products spanning equities, ETFs, commodities, and indices across exchanges in the UK, Switzerland, and Ireland; the firm manages approximately $1.5 billion in assets and offers white-label ETP platforms for third parties. In the U.S., operations under Themes ETF Trust emphasize low-cost (0.75% fees below market average for 2x single-stock ETFs) daily leveraged ETFs on high-profile names, with GEVG holding four primary positions as of December 18, 2025, and shares outstanding at 25,000. Geographic focus spans North America and Europe, serving institutional and retail clients through accessible exchange-traded vehicles without direct principal risk beyond the invested amount.