Leverage Shares 2x Long TER Daily ETF (TERG) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the price of Teradyne Inc. common stock, before fees and expenses. The fund provides leveraged exposure through investments in the underlying security and financial instruments that replicate 200% daily performance; it trades on U.S. exchanges like a stock, offering liquidity without margin call risks for active traders. TERG operates within the financial services sector, targeting sophisticated investors seeking magnified short-term returns on semiconductor test equipment stocks like TER, with geographic focus on U.S. markets.
Leverage Shares plc, the issuer headquartered in Greenwich, Connecticut, and founded in 2017, specializes in leveraged and inverse exchange-traded products (ETPs) and ETFs providing amplified exposure to single stocks, ETFs, and commodities; the company maintains operations across Europe and the U.S., including offices in Dublin, Ireland, and issues over 160 products on exchanges such as the London Stock Exchange. Leverage Shares (UK) Limited, incorporated in 2022, supports UK-related activities from Tunbridge Wells, England. The firm emphasizes physical replication for its leveraged ETPs and serves as a leader in single-stock leveraged products.
In recent developments, Leverage Shares expanded its single-stock leveraged ETF lineup in November 2025 with the launch of TERG alongside products tracking NU, NET, OKTA, NEM, CMG, ABNB, SPOT, and SBUX under the Leverage Shares by Themes platform. Earlier in September 2025, the company introduced 19 new 3x single-stock ETPs on the London Stock Exchange, including those on HOOD, HIMS, and UNH, amid record-breaking trading volumes up 86% year-to-date through August 2025. These launches reflect ongoing strategic growth, with approximately $1.5 billion in assets under management as of late 2025, enhancing its portfolio of daily leveraged offerings for traders.