Leverage Shares 2X Long ALB Daily ETF (ALBG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
7.42 USD
+0.20
(2.770%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 7.42 |
Hot Take ↕ | Aug. 22, 2026, 3:24 a.m. EDT
This instrument presents a classic leverage trap with no safety net. As a 2x long daily ETF tracking aluminum prices, ALBG suffers from severe compounding drag; the price has already fallen nearly 40% from its 52-week high of $21.01, dragging the average cost basis well above the current $7.20 level. The recent price action shows a fragile recovery, bouncing from $5.66 to $8.09 in a single week, but the 200-day moving average remains significantly higher at $12.35, confirming that the broader trend is still deeply bearish. The statistical forecast model leans negative (-10%), though with low confidence, aligning with the technical weakness. Crucially, there is no dividend income to offset the decay, and the options market offers no clear consensus on a reversal, with speculative call buying focused on a downside bounce rather than a breakout. Given the high volatility of the underlying commodity and the structural headwinds of the leveraged structure, this is a high-risk speculative vehicle currently trading below its fair value but lacking the catalyst to sustain a rally. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.262568 |
| MSTL | 0.418556 |
| AutoETS | 0.422630 |
| AutoARIMA | 0.437300 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 2.36 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.118 |
| Excess Kurtosis | -0.47 |
As of Aug. 22, 2026, 3:24 a.m. EDT: Speculator positioning is extremely thin and fragmented across expirations. In the immediate term (August 21), there is a distinct concentration of call volume and open interest at the $5.00 strike, which is deep out-of-the-money relative to the current price, suggesting a speculative bet on a sharp drop to test lows. Conversely, put activity is scattered with notable open interest at $6.00 and $7.00 strikes, indicating defensive hedging against a modest decline. For longer horizons (September and December), the data shows negligible volume and open interest, with only isolated contracts at strikes far from the money ($10.00 calls, $13.00 puts), implying a lack of organized directional bets beyond the immediate week.
| Attribute | Value |
|---|---|
| All Time High | 21.01 |
| All Time Low | 5.101 |
| Ask | 7.73 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 35,800 |
| Average Daily Volume3 Month | 35,920 |
| Average Volume | 35,920 |
| Average Volume10Days | 35,800 |
| Beta3 Year | 0.0 |
| Bid | 4.32 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 7.73 |
| Day Low | 7.2151 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.86018 |
| Fifty Day Average Change | 0.5598202 |
| Fifty Day Average Change Percent | 0.0816043 |
| Fifty Two Week Change Percent | -54.46456 |
| Fifty Two Week High | 21.01 |
| Fifty Two Week High Change | -13.59 |
| Fifty Two Week High Change Percent | -0.64683485 |
| Fifty Two Week Low | 5.101 |
| Fifty Two Week Low Change | 2.3190002 |
| Fifty Two Week Low Change Percent | 0.4546168 |
| Fifty Two Week Range | 5.101 - 21.01 |
| First Trade Date Milliseconds | 1,768,314,600,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.2 |
| Fullday Change Percent | 2.77009 |
| Fullday Price | 7.42 |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,768,176,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,026-01-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on an investment by The fund invests in the Underlying Security that is equal, on a daily basis, to 200% of the value of the fund’s net assets. The fund is non-diversified. |
| Long Name | Leverage Shares 2X Long ALB Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1973823247 |
| Nav Price | 7.232 |
| Net Assets | 1,059,679.0 |
| Net Expense Ratio | 0.75 |
| Open | 7.73 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 7.42 |
| Post Market Time | 1,787,947,804 |
| Previous Close | 7.22 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.2 |
| Regular Market Change Percent | 2.77009 |
| Regular Market Day High | 7.73 |
| Regular Market Day Low | 7.2151 |
| Regular Market Day Range | 7.2151 - 7.73 |
| Regular Market Open | 7.73 |
| Regular Market Previous Close | 7.22 |
| Regular Market Price | 7.42 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 14,786 |
| Short Name | Leverage Shares 2X Long ALB Dai |
| Source Interval | 15 |
| Symbol | ALBG |
| Total Assets | 1,059,679 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -67.29298 |
| Trailing Three Month Returns | -67.29298 |
| Triggerable | 1 |
| Two Hundred Day Average | 12.164911 |
| Two Hundred Day Average Change | -4.744911 |
| Two Hundred Day Average Change Percent | -0.39004898 |
| Type Disp | ETF |
| Volume | 14,786 |