Leverage Shares 2X Long LAC Daily ETF

Leverage Shares 2X Long LAC Daily ETF is an actively managed, leveraged exchange-traded fund designed to provide sophisticated traders with amplified exposure to a single stock. It seeks to deliver two times (200%) the daily performance of Lithium Americas Corporation (LAC) stock, net of fees and expenses, through daily rebalancing using swap contracts and cash equivalents. Launched on December 11, 2025, the ETF features a total expense ratio of 0.75%, which is lower than many peers in the single-stock leveraged category, and holds a compact portfolio typically including Lithium Americas Corp swaps, treasury obligations, and cash positions to achieve its leverage objective. Primarily allocated to the materials sector, it offers exchange-traded liquidity without margin call risks, appealing to those pursuing short-term directional bets on LAC, a company focused on lithium production essential for electric vehicle batteries and energy storage. Due to compounding effects and volatility decay from daily resets, its performance over periods longer than one day may diverge significantly from 2x LAC's return, even eroding value if the underlying stock is flat or modestly positive. With around 25,000 shares outstanding, it serves active market participants monitoring lithium market dynamics.