How Do Short and Inverse ETPs Work?
Short vs inverse: are they the same thing?
NAV as of 13 Oct 2026, 12:00 AM UTC
$2.76 (-1.78%)
Year-To-Date Change
54.28%
The Leverage Shares 5x Long Nasdaq 100 ETP (ISIN XS2399364152) is an exchange traded product (ETP) that seeks to deliver five times (5x) the daily performance of the Nasdaq-100 Index®. 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 10%. You cannot lose more than the amount you invest. The Leverage Shares 5x Long Nasdaq 100 ETP has an annual management fee of 0.75% and is listed on the following exchanges: London Stock Exchange, Euronext Amsterdam, Deutsche Börse Xetra, Borsa Italiana. It is designed for short term trading and should be monitored daily.
To seek daily investment results, before fees and expenses, that correspond to 500% (5x) the daily performance of the underlying stock (QQQ).
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
$180,624,307
or 242,915 shares of QQQ
AUM
$36,093,434
or 13,060,572 shares of QQQ5
Liabilities
$144,530,872
Passported Countries:
* The information on this website regarding UK Fund Reporting Status is accurate as of the stated effective date (the "Effective Date"). Leverage Shares makes no representation or warranty that such information will remain accurate, complete or current thereafter, assumes no obligation to update it, and, to the fullest extent permitted by applicable law, accepts no responsibility or liability for any inaccuracies or omissions arising after the Effective Date.