Why Gold, Silver and Microsoft Crashed But Meta Rose
Relative to prices as of on the 28th of January 2026, gold (ticker: GLD) fell 10% and silver (ticker: SLV) fell 29% on the 30th.
NAV as of 20 Oct 2026, 12:00 AM UTC
$4.54 (0.44%)
Year-To-Date Change
-16.70%
The Leverage Shares -1x Microsoft ETP (ISIN IE00BKTW9M13) is an exchange traded product (ETP) that seeks to deliver minus one time (-1x) the daily performance of Microsoft Corp. 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 50%. You cannot lose more than the amount you invest. The Leverage Shares -1x Microsoft ETP has an annual management fee of 0.75% and is listed on the following exchanges: London Stock Exchange, Deutsche Börse Xetra. It is designed for short term trading and should be monitored daily.
To seek daily investment results, before fees and expenses, that correspond to -100% (-1x) the daily performance of the underlying stock (MSFT).
Sophisticated investors and active traders seeking to express short-term bearish views or tactically hedge positions, via inverse exposure and without a margin account.
*However, these are complex products.
Value of Underlying Assets
$-138,286
or -260 shares of MSFT
AUM
$138,302
or 30,476 shares of MSFS
Liabilities
$276,589
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.