Leverage Shares 2X Long NU Daily ETF(NASDAQ:NUG)

NUG is designed to make bullish bets on the stock price of Nu Holdings (NYSE: NU) through swap agreements. The objective is 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 NU's daily price movements. Depending on market conditions and operational constraints, the fund may also utilize a synthetic forward options strategy. As a geared product, the fund is intended as a short-term tactical tool rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x multiplier if held for longer than a single day due to compounding. This high-risk strategy does not include a defensive position as part of its overall process. Should NU'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 NU's performance strengthens.