- Business
- Leverage Shares 2X Long LAC Daily ETF (LACG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Lithium Americas Corp. (LAC) common stock, before fees and expenses, through investments in the underlying security and financial instruments providing leveraged exposure. The fund maintains at least 80% of its net assets (plus borrowings for investment purposes) in instruments that achieve this 2x daily bull leverage, with a total expense ratio of 0.75%; it trades on U.S. exchanges like Nasdaq, offering active traders magnified short-term results without margin call risks. Launched on December 11, 2025, the ETF operates within the leveraged single-stock ETF segment targeting commodities and mining sectors, particularly lithium producers, with geographic focus on U.S. investors.
Issuer Leverage Shares LLC, founded in 2017 and headquartered in Greenwich, Connecticut, specializes in exchange-traded products (ETPs) and ETFs providing daily leveraged (up to 3x), inverse, and accelerated exposure to single stocks, ETFs, and commodities; its portfolio includes over 160 ETPs listed across U.S., European, and London Stock Exchange platforms. Core offerings encompass 2x and 3x long/short daily leveraged ETFs on high-growth stocks in technology, cybersecurity, AI, and resources; capped accelerated monthly ETFs targeting 2x upside with 1x downside; and white-label ETP solutions for institutional partners. The firm serves retail and sophisticated traders seeking conviction-based trading without direct margin accounts, with operations spanning the United States, Europe (including Dublin and Cyprus entities), and the UK.
Recent developments include the December 11, 2025, launch of LACG alongside five new 2x long daily ETFs on Opendoor Technologies (OPEN), Cipher Mining (CIFR), Grab Holdings (GRAB), Duolingo (DUOL), and United Parcel Service (UPS), expanding Leverage Shares by Themes' single-stock leveraged ETF lineup to over 43 products at an industry-low 0.75% fee. In November 2025, the firm introduced three additional single-stock leveraged ETFs as part of ongoing product innovation in high-growth sectors. Earlier in September 2025, Leverage Shares debuted its first 3x single-stock ETPs on the London Stock Exchange (e.g., HOOD, HIMS, UNH) and 19 new ETPs overall, reflecting record trading volumes up 86% year-to-date through August 2025 and approximately $1.5 billion in assets under management. These expansions underscore strategic growth in U.S. and European markets amid rising demand for leveraged exposure tools.