Leverage Shares 2X Long SPCX Daily ETF (SPCH)
Company overview
SPCH is designed for making bullish bets on the stock price of Space Exploration Technologies Corp. (NASDAQ: SPCX) or SpaceX through swap agreements. The fund seeks to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to SPCX's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should SPCX's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if SPCX's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Leverage Shares 2X Long SPCX Daily ETF (SPCH)
No price history available.
SPCH is designed for making bullish bets on the stock price of Space Exploration Technologies Corp. (NASDAQ: SPCX) or SpaceX through swap agreements. The fund seeks to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to SPCX's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should SPCX's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if SPCX's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
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