- Business
- Leverage Shares 2x Long PYPL Daily ETF (PYPG) provides two times (200%) the daily performance of PayPal Holdings Inc. (PYPL) stock, minus fees and expenses, through an actively managed exchange-traded fund listed on NASDAQ. The ETF employs swaps with counterparties such as Cantor, Marex, and Clearstreet, alongside treasury obligations and cash equivalents, to achieve its leveraged exposure; it rebalances daily and targets active traders with a total expense ratio of 0.75%. Launched on April 4, 2025, PYPG operates primarily in the United States market, with shares outstanding around 2.6 million and a net asset value of approximately $12.32 as of recent trading data.
Leverage Shares LLC, the issuer behind PYPG and headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, Connecticut 06830, United States, specializes in leveraged and inverse exchange-traded products (ETPs) and exchange-traded funds (ETFs). Founded in 2017 as a pioneer in single-stock ETPs, the firm manages over $1.5 billion in assets under management and offers more than 180 ETPs providing leveraged, inverse, and unleveraged exposure to individual stocks, indices, ETFs, and commodities across U.S. and European exchanges. Its core offerings include 2x daily leveraged ETFs on popular stocks like PYPL, as well as capped accelerated monthly ETFs and higher-leverage products up to 5x; operations span the U.S., Ireland (Dublin), and the UK (Tunbridge Wells).
In recent developments, Leverage Shares launched PYPG on April 4, 2025, as part of an initial trio of 2x single-stock leveraged ETFs targeting PayPal (PYPL), Square (XYZ), and Salesforce (CRM), enabling traders to amplify short-term exposure without margin accounts. The firm expanded aggressively in 2025 with 19 new ETPs on the London Stock Exchange in September, introducing the first 3x leveraged products on stocks like Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH), alongside exposures to Intel, Broadcom, and ASML. Additional U.S. launches in December 2025 included six more 2x single-stock leveraged ETFs on companies such as Opendoor Technologies, Cipher Mining, and Duolingo, further broadening its suite of daily leveraged equity products under the Leverage Shares by Themes brand.