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ISIN: XS3304269429

3x Long MicroStrategy

NAV as of 13 Oct 2026, 12:00 AM UTC

$22.92 (-1.04%)

Year-To-Date Change

-82.47%

  • Exchange open LSE
  • Exchange open Borsa Italiana
  • Exchange open Xetra

Capital at risk. NAV calculated by Leverage Shares. For more information on the calculation please click here

More Leverage Factors:

-3x

Overview

What is the 3x Long MicroStrategy ETP?

The Leverage Shares 3x Long MicroStrategy (MSTR) ETP (ISIN XS3304269429) is an exchange traded product (ETP) that seeks to deliver three times (3x) the daily performance of Microstrategy Incorporated. It achieves leverage through margin borrowing and has physical ownership of the underlying, so it does not use swaps or other derivatives to achieve its exposure, and it does not have credit risk. Exposure is rebalanced daily, and an intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%. You cannot lose more than the amount you invest. The Leverage Shares 3x Long MicroStrategy (MSTR) ETP has an annual management fee of 0.75% and is listed on the following exchanges: London Stock Exchange, Borsa Italiana, Deutsche Börse Xetra. It is designed for short term trading and should be monitored daily.

ETP objective

To seek daily investment results, before fees and expenses, that correspond to 300% (3x) the daily performance of the underlying stock (MSTR).

Who is this product for?

Sophisticated investors and active traders seeking to magnify short-term bullish views or tactically hedge positions, via transparent leverage and without a margin account.

*However, these are complex products.

Value of Underlying Assets

$164,558,778

or 1,081,343 shares of MSTR

AUM

$54,828,112

or 2,391,751 shares of MST3

Liabilities

$109,730,666

Listings & Tickers

Exchange Base Currency Trading Currency Exchange Code ISIN SEDOL BBG Ticker WKN Listing Date
London Stock Exchange USD USD MST3 XS3304269429 BV89Q18 MST3 LN N/A 25 Sep 2024
London Stock Exchange USD GBP 3MST XS3304269429 BV89Q30 3MST LN N/A 25 Sep 2024
Borsa Italiana USD EUR 3MST XS3304269429 BV89Q41 3MST IM N/A 10 Oct 2024
Deutsche Börse Xetra USD EUR MST3 XS3304269429 BV89Q52 MST3 GY A4ARV4 15 Nov 2024

Key Facts

Index Details

Index Name
Euronext 3x Long MicroStrategy Index
Index Provider
Euronext
Index Bloomberg Ticker
E3XLM
Leverage Factor
3x

Net Asset Value

NAV (as of 13 Oct 2026)
$22.92
Daily Return (% NAV change)
-1.04%
Daily Change (of NAV)
$-0.24

Structure

Structure
ETP
Domicile
Ireland
Replication Method
Physical
Dividends
Reinvested
Underlying Asset
MSTR
Target Weights
Rebalance Frequency

Fees

Annual Management Fee
0.75%
Interest Paid On Cash Balances
Performance Fee
Stock Borrow Rate

Key Services Providers

Issuer
Leverage Shares plc
Arranger
Leverage Shares Management Company Limited
Trustee
Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent
U.S. Bank Europe DAC
Registrar
U.S. Bank Europe DAC
Portfolio Administrators
Flexinvest Limited
Stock Borrowing Provider and Custodian
Interactive Brokers LLC, Morgan Stanley & Co. LLC and/or Pershing LLC
Determination Agent
Calculation Agent Services LLC
Initial Authorised Participant
BNP Paribas Arbitrage S.N.C.,Virtu Financial Ireland Limited, Flow Traders and others
Sponsor
Fact Sheet
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Reportable Income EMT Supplemental Trust Deeds
Notices
Latest Notice

Frequently Asked Questions about the 3x Long MicroStrategy (MSTR) ETP

The Leverage Shares 3x Long MicroStrategy (MSTR) ETP (ISIN XS3304269429) is an exchange traded product (ETP) that seeks to deliver three times (3x) the daily performance of Microstrategy Incorporated. It is listed on the following exchanges: London Stock Exchange, Borsa Italiana, Deutsche Börse Xetra.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP has an annual management fee of 0.75%.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP achieves leverage through margin borrowing. It has physical ownership of the underlying, and therefore does not use swaps or other derivatives to achieve its exposure. It does not have credit risk, because the Series has physical ownership of the underlying and does not use derivatives, like swaps, to achieve its leverage.
The Leverage Shares 3x Long MicroStrategy (MSTR) is an exchange traded product, not an ETF. ETPs are structured as debt securities and lie outside the remit of UCITS. While not UCITS compliant, they may be UCITS eligible, meaning they are capable of being an eligible investment for another UCITS fund. It trades on exchange in the same way as a share.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP is designed for short term trading. It rebalances daily to maintain its 3x exposure to Microstrategy Incorporated. Held for longer than one day, returns may differ from 3x the return of the underlying over that period, because of daily rebalancing and compounding.
Volatility decay is the effect of daily rebalancing and compounding on a leveraged product. When Microstrategy Incorporated moves up and down repeatedly, compounding erodes value, and the effect is stronger the higher the leverage and the longer the holding period. This means the Leverage Shares 3x Long MicroStrategy (MSTR) ETP can lose value over time even if the underlying ends up flat.
An investor in the Leverage Shares 3x Long MicroStrategy (MSTR) ETP cannot lose more than the amount they invest. You could lose the full value of your investment if Microstrategy Incorporated moves against the ETP by more than one-third (roughly 33%) in a single day. An intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%.
Yes. Alongside the Leverage Shares 3x Long MicroStrategy (MSTR) ETP, the Leverage Shares -3x Short MicroStrategy (MSTR) ETP (ISIN XS2970736307) provides -3x exposure to Microstrategy Incorporated.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP does not pay dividends. It has physical ownership of the underlying, and any dividends received are reflected in the value of the ETP.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP is designed for short term trading, not long-term investing. Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns. Only use these ETPs if you can monitor your positions daily.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP is 100% backed with the underlying using a margin loan for long ETPs and with cash for short ETPs. Leverage Shares does not use derivatives, like swaps, to offer leveraged exposures.
Experienced investors may use the Leverage Shares 3x Long MicroStrategy (MSTR) ETP for a variety of strategies. Some examples include responding to technical indicators, acting on earnings or news announcements, and hedging existing exposures in a portfolio. The recommended holding period is one day.
The Leverage Shares 3x Long MicroStrategy (MSTR) ETP can be traded through brokerage accounts that have access to the exchanges where it is listed. It trades on the following exchanges, each with the ticker(s) to search on that exchange:
  • London Stock Exchange: MST3 (USD), 3MST (GBP)
  • Borsa Italiana: 3MST (EUR)
  • Deutsche Börse Xetra: MST3 (EUR)
Investors do not need a margin account in order to trade Leverage Shares ETPs.