Leverage Shares 2x Long UEC Daily ETF

Leverage Shares 2x Long UEC Daily ETF is an exchange-traded fund designed to deliver 200% of the daily performance of Uranium Energy Corp. (UEC), a company engaged in uranium mining and exploration. Launched on February 10, 2026, this leveraged ETF provides amplified exposure to UEC's stock movements through derivatives like swaps, without requiring a margin account or exposing investors to margin calls. Losses are capped at the invested amount, and it trades like a regular stock with a total expense ratio of 0.75%. The fund holds a single position with approximately 200% weighting in UEC-related assets and offsetting short positions for leverage, making it non-diversified and highly concentrated in the uranium sector. It targets knowledgeable investors who actively monitor portfolios, as daily rebalancing and compounding effects cause returns over periods longer than one day to diverge significantly from 2x UEC's performance, potentially leading to losses even if UEC rises modestly. Part of Leverage Shares by Themes' lineup of single-stock leveraged products, it plays a role in offering tactical tools for traders interested in energy transition themes like nuclear fuels amid growing demand for uranium. With a limited operating history, it underscores heightened volatility and risks tied to the underlying stock's exposure to commodity prices, regulations, and geopolitical factors.