Leverage Shares 3x JD.Com ETC (JD3.L) is an exchange-traded commodity (ETC) that provides triple daily leveraged exposure to the performance of JD.com, Inc. (NASDAQ: JD) ordinary shares, less fees and expenses. The product seeks to deliver three times the daily return of its underlying reference asset through the use of swaps and other derivatives; it does not invest directly in JD.com shares or hold physical assets. Issued by Leverage Shares Management Company, it forms part of a broader suite of leveraged and inverse ETPs tracking single stocks and indices, including 2x and 3x long/short variants on major equities like Tesla, Nvidia, and Amazon.
The ETC operates within the financial derivatives segment, targeting sophisticated investors, hedge funds, and traders seeking amplified exposure to Chinese e-commerce giant JD.com's stock price movements for short-term trading strategies. It lists primarily on the London Stock Exchange; similar products trade on Deutsche Boerse and other European venues. Leverage Shares, founded in 2018 and headquartered in Dublin, Ireland, with operations across Europe, specializes in these UCITS-compliant ETPs compliant with EU regulations.
In recent developments, Leverage Shares expanded its product lineup in 2024-2025 with new 3x leveraged ETCs on additional tech and consumer stocks amid rising demand for single-stock ETPs; the firm also announced strategic partnerships with market makers to enhance liquidity. No major acquisitions or funding rounds were reported in the last 1-2 years, though the issuer continues to monitor regulatory shifts in the EU ETP market post-MiFID II updates. The ETC maintains a total expense ratio of approximately 0.75% annually, with daily resets that compound returns over time, underscoring its suitability for tactical rather than long-term holding.