Leverage Shares 2X Long GEMI Daily ETF (GEMG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
0.62 USD
+0.04
(6.532%)
⇧
(April 22, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | April 18, 2026, 10:27 p.m. EDT
Sell or stay on the sidelines; this is a leveraged 2x synthetic ETF that is in a catastrophic structural degradation phase. The 14-day history shows a ~40% wipeout over two months, and the pricing model predicts a further ~51% decline over the next 45 days. The stock is fundamentally broken (valued near $0 due to NAV erosion/liability issues), pays no dividends, and has no long-term investment case whatsoever. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.356919 |
| AutoTheta | 0.872372 |
| AutoETS | 1.008229 |
| MSTL | 1.038832 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 64% |
| H-stat | 1.63 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.070 |
| Excess Kurtosis | 0.08 |
As of April 18, 2026, 10:27 p.m. EDT: Put skew is extreme and directional. Traders are aggressively positioning downside protection in areas (3.0 and 5.0 strikes relative to price) where only 0.0% speculative volume supports them, while call OI is almost non-existent or purely speculative/near-term anchors. The massive put volume at the 3.0 strike implies a belief that the market could lose over 70% from current levels, while call OI at 2.0+ strikes is negligible. This heavy put positioning combined with low call OI at the next strike up suggests a deep fear of further downside or a trapped position scenario where sellers are expected to limit losses rather than buyers aggressively step in.
| Attribute | Value |
|---|---|
| All Time High | 17.73 |
| All Time Low | 0.459 |
| Ask | 1.13 |
| Ask Size | 21 |
| Average Daily Volume10 Day | 190,900 |
| Average Daily Volume3 Month | 144,211 |
| Average Volume | 144,211 |
| Average Volume10Days | 190,900 |
| Beta3 Year | 0.0 |
| Bid | 1.09 |
| Bid Size | 21 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 0.66 |
| Day Low | 0.6001 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.27542 |
| Fifty Day Average Change | -0.65731996 |
| Fifty Day Average Change Percent | -0.5153753 |
| Fifty Two Week Change Percent | -96.16316 |
| Fifty Two Week High | 17.73 |
| Fifty Two Week High Change | -17.1119 |
| Fifty Two Week High Change Percent | -0.96513826 |
| Fifty Two Week Low | 0.459 |
| Fifty Two Week Low Change | 0.1591 |
| Fifty Two Week Low Change Percent | 0.3466231 |
| Fifty Two Week Range | 0.459 - 17.73 |
| First Trade Date Milliseconds | 1,762,353,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,762,214,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-11-05 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed ETF. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of GEMI, consistent with the fund’s investment objective. The fund is non-diversified. |
| Long Name | Leverage Shares 2X Long GEMI Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1960867674 |
| Nav Price | 0.5737 |
| Net Assets | 553,906.0 |
| Net Expense Ratio | 0.75 |
| Open | 0.6001 |
| Pre Market Change | -0.012000024 |
| Pre Market Change Percent | -1.9047657 |
| Pre Market Price | 0.618 |
| Pre Market Time | 1,776,931,262 |
| Previous Close | 0.5802 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.03789997 |
| Regular Market Change Percent | 6.532225 |
| Regular Market Day High | 0.66 |
| Regular Market Day Low | 0.6001 |
| Regular Market Day Range | 0.6001 - 0.66 |
| Regular Market Open | 0.6001 |
| Regular Market Previous Close | 0.5802 |
| Regular Market Price | 0.6181 |
| Regular Market Time | 1,776,888,000 |
| Regular Market Volume | 221,247 |
| Short Name | Leverage Shares 2X Long GEMI Da |
| Source Interval | 15 |
| Symbol | GEMG |
| Total Assets | 553,906 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -86.29975 |
| Trailing Three Month Returns | -86.29975 |
| Triggerable | 1 |
| Two Hundred Day Average | 3.9191043 |
| Two Hundred Day Average Change | -3.3010044 |
| Two Hundred Day Average Change Percent | -0.8422854 |
| Type Disp | ETF |
| Volume | 221,247 |
| Ytd Return | -86.29975 |