Leverage Shares 2x Long DNN Daily ETF

The Leverage Shares 2x Long DNN Daily ETF is an actively managed exchange-traded fund designed to deliver 200% of the daily percentage change in the stock price of Denison Mines Corp., a company focused on uranium mining and exploration, before fees and expenses. Launched on February 10, 2026, this leveraged ETF provides amplified exposure to the uranium sector through daily rebalancing, utilizing derivatives such as swaps to achieve its 2x bull objective. Key features include a total expense ratio of 0.75%, which is lower than many peers in the leveraged single-stock ETF category, no risk of margin calls, and losses capped at the invested amount. It trades like a stock with high liquidity potential, holding primarily swap positions alongside cash equivalents. The ETF targets knowledgeable active traders monitoring positions daily, as compounding effects and volatility can cause performance divergence from the underlying stock over periods longer than one day, particularly in the volatile mining industry influenced by commodity prices, regulatory changes, and geopolitical factors. With a single holding structure, it concentrates risk in uranium market dynamics.