- CEO
- Calvin Tsang
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 34 East Putnam Avenue Greenwich CT United States of America 6830
- IPO Date
- Nov 17, 2025
- Business
- Leverage Shares 2X Long NET Daily ETF (NETG) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the price of Cloudflare Inc. (NYSE: NET) common stock; it provides leveraged exposure through swaps on Cloudflare Inc., including CLOUDFLARE INC SWAP CS (165.59% weighting), CLOUDFLARE INC SWAP MAR (18.97%), and CLOUDFLARE INC SWAP CF (15.38%), supplemented by holdings in First American Treasury Obligations Fund and cash equivalents. The ETF trades on NASDAQ under the ticker NETG (CUSIP: 88340C826, ISIN: US88340C8266), features a total expense ratio of 0.75%, and undergoes daily rebalancing to maintain its 2x leverage factor, targeting active traders without the need for margin accounts or exposure to margin calls. Launched on November 17, 2025, as part of Leverage Shares' expanding lineup of single-stock leveraged ETFs, NETG operates within the technology sector focused on cybersecurity and cloud services via its underlying exposure, with geographic operations centered in the United States.
Leverage Shares by Themes, the issuer behind NETG, was founded in 2017 and maintains headquarters in Greenwich, Connecticut; it pioneered physical replication of leveraged and inverse exchange-traded products (ETPs) in Europe before expanding into U.S. daily leveraged ETFs distributed by ALPS Distributors, Inc., with Themes Management Company LLC serving as adviser under the Themes ETFs Trust. The firm offers over 160 ETPs and ETFs providing leveraged (up to 3x), inverse, and unleveraged exposure to single stocks, ETFs, commodities, and indices across U.S., European, and other exchanges, including recent additions like 2x Long ETFs on stocks such as IREN, BE, GEV, and SATS. NETG represents one of 43 single-stock daily leveraged ETFs in the Leverage Shares by Themes portfolio as of late 2025.
In recent developments, Leverage Shares launched NETG on November 17, 2025, alongside two other single-stock 2x leveraged ETFs, expanding its U.S. offerings for amplified short-term exposure to high-growth innovators; this followed a July 2025 introduction of products like the 2X Long AAL Daily ETF (AALG) and a September 2025 rollout of 19 new ETPs on the London Stock Exchange, including the first 3x leveraged ETPs on stocks such as HOOD, HIMS, and UNH. These launches reflect ongoing strategic growth, with year-to-date turnover through August 2025 up 86% versus 2024 and total assets under management reaching approximately $1.5 billion, underscoring the firm's focus on meeting demand for precise leveraged trading tools amid rising market volatility. No major acquisitions, funding rounds, or reorganizations were reported for Leverage Shares in the past 1-2 years, with emphasis placed on product innovation and exchange listings.