Themes ETF Trust – Leverage Shares 2X Long TSLA Daily ETF is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the common stock of Tesla, Inc. (NASDAQ: TSLA). Trading under the ticker TSLG, the fund provides actively managed, single-stock leveraged equity exposure for investors seeking a bullish, short-term trading vehicle linked to Tesla’s daily share-price performance. The fund obtains its leveraged exposure principally through swap agreements and may hold cash, U.S. Treasury securities, money-market instruments and other collateral-related investments. It is rebalanced daily to maintain approximately 2x exposure; consequently, its performance over periods longer than one day can differ materially from twice Tesla’s cumulative return due to compounding and daily rebalancing.
TSLG is part of the Leverage Shares by Themes single-stock leveraged ETF platform and is offered through Themes ETF Trust. Its principal service is the issuance and administration of ETF shares designed to provide exchange-traded, daily leveraged exposure to Tesla, a U.S.-based electric-vehicle, energy-generation and storage, and technology company. The fund targets sophisticated retail investors, active traders and other market participants seeking amplified daily exposure to Tesla shares in an ETF format, rather than direct borrowing, margin trading or individually negotiated derivatives. The fund is classified within the leveraged equity ETF and consumer-discretionary-focused investment categories and trades in the United States.
The Leverage Shares 2X Long TSLA Daily ETF commenced operations on December 13, 2024. Themes ETF Trust and the Leverage Shares by Themes platform are headquartered in Greenwich, Connecticut. The fund charges a 0.75% management fee and operates as an open-end investment company. Its investment objective is non-fundamental and may be changed by the trust’s board of trustees upon notice to shareholders. TSLG does not seek to provide 2x Tesla exposure over periods longer than a single trading day and is not intended to function as a buy-and-hold investment.
Recent developments principally relate to the expansion of the Leverage Shares by Themes product platform. During 2025, Leverage Shares by Themes introduced additional 2x long single-stock ETFs, including products linked to Costco Wholesale Corp., Lululemon Athletica Inc., Gemini Space Station Inc. and Oscar Health Inc., expanding the issuer’s lineup of daily leveraged equity-trading products alongside TSLG. The platform continues to position its products as ETF-based tools providing 200% daily exposure to selected high-growth and actively traded underlying equities.