Leverage Shares 2x Long OPEN Daily ETF
OPEG
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Calvin Tsang
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 34 East Putnam Avenue Greenwich CT United States of America 06830
- IPO Date
- Dec 11, 2025
- CIK
- 0001976322
- Website
- graniteshares.com
- Similar Companies
- Business
- Leverage Shares 2X Long OPEN Daily ETF (OPEG), issued by Themes ETF Trust under the Leverage Shares brand, provides two times (2x) the daily performance of Opendoor Technologies Inc. (OPEN) common stock, minus fees and expenses, through actively managed exchange-traded fund strategies; its portfolio primarily consists of total return swaps on OPEN stock (e.g., OPENDOOR TECHNOLOGIES SWAP CF, CS, and MAR), U.S. Treasury obligations for collateral, and cash equivalents. The ETF trades on the Nasdaq exchange under ticker OPEG (CUSIP: 88340F845, ISIN: US88340F8453), features a total expense ratio of 0.75%, daily rebalancing, and no margin call risk for investors. Launched on December 11, 2025, with an inception NAV around $12.69 and initial shares outstanding of 25,000, it targets active traders seeking short-term leveraged exposure to the real estate technology sector without direct margin account requirements. Leverage Shares, the brand pioneering single-stock leveraged exchange-traded products (ETPs) and ETFs since its founding in 2017 by CEO Jose Gonzalez-Navarro, COO Dobromir Kamburov, and General Counsel Tracy Grant, operates from headquarters in Greenwich, Connecticut, with additional offices in Dublin, Ireland. The firm offers an extensive lineup of daily leveraged (2x, 3x), inverse (-1x to -5x), and non-leveraged (1x) ETPs/ETFs tracking individual equities (e.g., tech giants like Tesla, Nvidia, Amazon), ETFs, commodities, and indices across U.S. (Nasdaq) and European exchanges including London Stock Exchange, Euronext Amsterdam, Börse Frankfurt, Borsa Italiana, and SIX Swiss Exchange; products emphasize physical replication where possible, liquidity via market makers, and no derivatives like swaps for core leverage in European offerings. In recent developments, Leverage Shares expanded its U.S. single-stock leveraged ETF portfolio to 49 funds as of December 2025, including the OPEG launch alongside new 2x long ETFs on stocks such as Cipher Mining (CIFR), Grab Holdings (GRAB), Duolingo (DUOL), and United Parcel Service (UPS). Earlier in 2025, the firm introduced first-ever 3x leveraged ETPs on U.S. names like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH) on the London Stock Exchange, debuted 3x and -3x Bitcoin/Ethereum ETPs on SIX Swiss Exchange, and cross-listed 21 IncomeShares products on Euronext Amsterdam to enhance European accessibility and yield-focused strategies. These expansions build on Leverage Shares' position as Europe's largest single-stock ETP issuer by AUM and trading volume, with approximately $1.5 billion in assets managed through entities like ETP Holding Co. LLC, Themes Management Company LLC (adviser), and distributors such as ALPS Distributors, Inc., while maintaining focus on tactical trading tools for sophisticated investors across North America and Europe.