Themes ETF Trust – Leverage Shares 2X Long HPE Daily ETF is a U.S.-domiciled, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of Hewlett Packard Enterprise Company common stock (NYSE: HPE). The fund offers a leveraged single-stock equity exposure product designed for investors seeking amplified daily long exposure to HPE, a provider of enterprise information technology, edge-to-cloud infrastructure, networking, storage, servers, software and related services. HPEL does not seek to provide 2x HPE’s cumulative return over periods longer than one trading day and resets its leveraged exposure daily.
The fund’s principal investment products and services consist of exchange-traded shares providing 2x daily leveraged exposure to HPE; direct investments in the underlying security; and financial instruments, including swaps and options, that in combination are intended to deliver the targeted 200% daily exposure. HPEL invests at least 80% of its net assets, plus borrowings for investment purposes, in HPE common stock and financial instruments with economic characteristics that provide the targeted daily leveraged exposure. The fund is classified in the leveraged-equity ETF category, trades on the Cboe exchange under ticker HPEL, and carries a 0.99% expense ratio.
HPEL is advised by Themes Management Company LLC and is offered within Themes ETF Trust’s Leverage Shares by Themes product platform. The fund targets U.S. exchange-traded fund investors, including sophisticated retail investors, traders and institutions seeking tactical exposure to the daily price movements of a single technology-sector issuer. Operational service providers include U.S. Bancorp Fund Services, LLC as administrator, U.S. Bank, N.A. as custodian, and ALPS Distributors, Inc. as distributor.
The fund was formed and commenced trading in the United States on June 23, 2026. Its principal recent strategic development is its launch as part of Leverage Shares by Themes’ June 2026 introduction of nine new 2x long single-stock ETFs tracking companies across the technology supply chain. The launch expanded the issuer’s U.S. leveraged single-stock ETF range and added dedicated daily leveraged exposure to Hewlett Packard Enterprise through HPEL.