Market Insights
Can the Magnificent Seven Keep Driving U.S. Markets?
Can the Magnificent Seven Still Power U.S.
ISIN:
XS2595675641
Short Volatility Long Tech
Top Holdings:
Overview
What is the Short Volatility Long Tech ETP?
The Short Volatility Long Tech Investment Strategy seeks to profit from the volatility curve (as measured by the VIX short-term futures) being usually in “contango”. To do so, it will aim to assume (A) a long position in the Invesco QQQ Trust, Series 1 (“QQQ”) and (B) a short position on the iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs (“VXX”) of at least 15%. “Contango” refers to a situation in which futures contracts with further expiries are more expensive than futures contracts with shorter expiries.
Profit from “contango”
During “normal” market conditions, the short-term VIX futures are usually in “contango” and will lose value with each passing day if the VIX index does not increase. In this state, shorting ETPs that continuously roll VIX futures contract at expiration futures (such as VXX) is expected to generate profits.
Convenience
In a single trade, get exposure to a strategy that aims to profit from both (i) the appreciation of the QQQ and (ii) the decay of VIX futures, without the hassle of rolling and maintaining volatility futures or options.
Trustworthy
1. Trusted and experienced management team. 2. Offered in USD, EUR and GBP. 3. The cash proceeds from shorting volatility yield a return.
NAV as of 22 Oct 2026
$46.75
52 WK: $33.45 – $50.86
1 Day NAV Change
-1.66 (-3.43%)
as of 22 Oct 2026
NAV Total Return
YTD: 16.53%
as of 22 Oct 2026
AUM
$3,179,076
as of 22 Oct 2026
Holdings
Full Holdings (.csv)Listings & Tickers
Key Facts
Investment Advisor
- Company Name
- Investor Relations
- Compliance Contact
- Company Website
- Contact
- Regulator
Structure
- Structure
- ETP
- Domicile
- Ireland
- Replication Method
- Physical
- Dividends
- Reinvested
- Underlying Asset
- QQQ, Short VXX and Cash
- Target Weights
- Target WeightsShort Volatility: Higher of (i) 15% or (ii) exposure to VXX on the last valuation Date of the immediately preceding calendar quarter QQQ: 100%
- Rebalance Frequency
- Quarterly. The Portfolio Administrator has discretion to rebalance at any time if the short exposure to volatility exceeds 35%.
Fees
- Annual Management Fee
- 1.00%
- Interest Paid On Cash Balances
- Fed Funds Effective
(Overnight Rate) -1%
- Performance Fee
- 10%
- Share Creation Fee
Tax & Legal
- ISA
- Eligible
- SIPP
- Eligible
- UK Fund Reporting Status
- Yes (effective 15/05/2023)
- US IRS Sec 871(m)
- Not applicable
- Today's Borrow Rate
- 4.03%
Passported Countries:
United Kingdom
Italy
Germany
France
Spain
Netherlands
Ireland
Poland
Belgium
Sweden
Norway
Austria
* 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.
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
Reportable Income
UK Fund Reporting
EMT
Supplemental Trust Deeds
Supplement (CBI)
07 July 2026
Supplement (FCA)
07 July 2026
Prospectus (CBI)
11 June 2026
Prospectus (FCA)
09 June 2026
Prospectus (CBI)
13 March 2026
Prospectus (FCA)
13 March 2026
Prospectus (CBI)
23 June 2025
Prospectus (FCA)
23 June 2025
Prospectus (CBI)
17 July 2024
Prospectus (FCA)
17 July 2024
Prospectus (CBI)
15 March 2024
Prospectus (FCA)
15 March 2024
Prospectus (CBI)
18 October 2023
Prospectus (FCA)
18 October 2023
Prospectus (CBI)
04 May 2023
Prospectus (FCA)
04 May 2023
Supplement
01 June 2022
Prospectus
16 May 2022
Prospectus
07 December 2021
Supplement
08 October 2021
Supplement
17 September 2021
Supplement
06 May 2021
Supplement
04 March 2021
Prospectus
18 December 2020
Prospectus
06 November 2020
Prospectus
05 February 2020
Half Financial Year Ended
31.12.2025
Financial Year Ended
30.06.2025
Half Financial Year Ended
31.12.2024
Financial Year Ended
30.06.2024
Half Financial Year Ended
31.12.2023
Financial Year Ended
30.06.2023
Half Financial Year Ended
31.12.2022
Financial Year Ended
30.06.2022
Half Financial Year Ended
31.12.2021
Financial Year Ended
30.06.2021
Half financial year ended
31.12.2020
Financial Year Ended
30.06.2020
Half Financial Year Ended
31.12.2019
For the Year Ended
30.06.2019
From 01.07.18 to 31.12.18
31.12.2018
From 27.01.17 to 30.06.18
30.06.2018
Notices
Latest Notice
18.09.2026
Batch Notification
11.09.2026
Notice Appointment of Authorised Participants
26.08.2026
Notification of New Series
21.07.2026
Batch Notification
19.06.2026
Notice to ETP Securityholders
03.06.2026
Notices of Investment Strategy Modifications
21.05.2026
Batch Notification
30.04.2026
Notification of New Series
24.03.2026
Notification of New Series
23.03.2026
Batch Notification
11.03.2026
Notices of Investment Strategy Modifications
31.10.2025
Notice of Publication of Audited Financial Statements
06.08.2025
Updated to IB Margin Account Agreement
08.05.2025
Notice Appointment of Additional Authorised Participant
16.01.2025
Notice to ETP Securityholders
02.10.2024
Notice of Amended & Restated Margin Account Agreement
29.07.2024
Notice of Appointment of Pershing as Additional Margin Load Provider
17.07.2024
Notice of Deed of Amendment and Restatement
10.07.2024
Notice of Increase in Margin Rate
02.11.2023
Notice of Late Filing of Audited Financial Report
19.10.2023
Notice to ETP Securityholders
20.09.2023
Notice of Migration to IB LLC
04.05.2023
Notice of Amended and Restated Conditions
Frequently Asked Questions about the Short Volatility Long Tech ETP
The LS Short Volatility Long Tech ETP (ISIN XS2595675641) is an exchange traded product (ETP) that pursues the Short Volatility Long Tech Investment Strategy. It is listed on the following exchanges: London Stock Exchange, Deutsche Börse Xetra.
The LS Short Volatility Long Tech ETP has an annual management fee of 1%.
The LS Short Volatility Long Tech ETP is managed in line with the Short Volatility Long Tech Investment Strategy methodology and holds its portfolio assets directly, not through swaps. It does not have credit risk, because the Series has physical ownership of its assets and does not use derivatives, like swaps.
The LS Short Volatility Long Tech 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.
Yes. The LS Short Volatility Long Tech ETP does not rebalance daily to maintain a leverage target, so it can be held for more than one day.
Volatility decay is the effect of daily rebalancing and compounding on a leveraged product. Because the LS Short Volatility Long Tech ETP does not use daily leveraged rebalancing, it is not subject to volatility decay.
An investor in the LS Short Volatility Long Tech ETP cannot lose more than the amount they invest. You could lose the full value of your investment.
No, there is currently no leveraged or short version of the LS Short Volatility Long Tech ETP. You can explore the full Leverage Shares range at All ETPs, including: Short & Leveraged ETPs, Stock Trackers, IncomeShares ETPs, Crypto ETPs.
The LS Short Volatility Long Tech ETP does not pay dividends.
The LS Short Volatility Long Tech ETP is designed to be held in line with its strategy rather than traded intraday. Because it does not use daily leveraged rebalancing, longer holds do not introduce volatility decay.
The LS Short Volatility Long Tech ETP is 100% backed with its portfolio assets. Leverage Shares does not use derivatives, like swaps, to offer its exposures.
Experienced investors may use the LS Short Volatility Long Tech ETP to access the Short Volatility Long Tech Investment Strategy through a single trade.
The LS Short Volatility Long Tech 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: SVLT (USD), LTSV (GBP)
- Deutsche Börse Xetra: SVLT (EUR)
Related Articles
Market Insights
Market Insights
Best Performing AI ETFs in 2025
AI Frenzy Drives Record Flows into ETFs Artificial Intelligence (AI) is one of the defining megatrends of the 2020s, transforming industries and the global economy.
Market Insights
The Magnificent 7 Earnings Growth is Fading
Magnificent 7 year-over-year earnings growth has slowed for a fifth consecutive quarter Magnificent 7 stocks underperform the broader market YTD amid mixed earnings, tariffs uncertainty and concerns about rising company expenditures Nicknamed the Magnific
