Leverage Shares 2X Long GEV Daily ETF (GEVG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
20.62 USD
-2.02
(-8.903%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 21.15 +0.53 (2.548%) ⇧ (Aug. 28, 2026, 7:53 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:59 a.m. EDT
This leveraged ETF is trapped in a severe downtrend with no fundamental business to support it. The underlying asset, GEV, has zero revenue and zero earnings, making the 'long-term' rating neutral simply because there is no multi-year track record to evaluate; it is a speculative vehicle, not a company. The price action confirms this weakness, with the security trading significantly below its 50-day and 200-day averages, showing a distinct lack of momentum. While the options chain reveals aggressive buying of far-out calls hoping for a sudden reversal, this is a classic 'dead cat bounce' setup common in leveraged products during a crash, not a sign of institutional accumulation. With no dividends to provide income and a structural decline in the underlying exposure, the only rational play is to avoid adding to the pile. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.117828 |
| MSTL | 0.135622 |
| AutoETS | 0.138490 |
| AutoARIMA | 0.138492 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 2.04 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.771 |
| Excess Kurtosis | -0.36 |
As of Aug. 22, 2026, 3:59 a.m. EDT: Speculators are positioning for continued volatility rather than a clear directional breakout. Call volume is heavily skewed toward out-of-the-money strikes (30, 40, 41), suggesting a desire for a sharp rally, yet put open interest remains substantial at lower strikes (15, 20, 21), indicating a hedge against further downside. The implied volatility surface shows elevated premiums for deep OTM calls, reflecting a 'lottery ticket' mentality typical of leveraged products, while the lack of significant in-the-money positioning suggests the market views the current price as precarious rather than a confirmed trend.
| Attribute | Value |
|---|---|
| All Time High | 39.74 |
| All Time Low | 12.07 |
| Ask | 33.39 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 32,320 |
| Average Daily Volume3 Month | 55,079 |
| Average Volume | 55,079 |
| Average Volume10Days | 32,320 |
| Beta3 Year | 0.0 |
| Bid | 19.47 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 21.9719 |
| Day Low | 20.6244 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 27.5706 |
| Fifty Day Average Change | -6.9462013 |
| Fifty Day Average Change Percent | -0.25194234 |
| Fifty Two Week Change Percent | 35.603916 |
| Fifty Two Week High | 39.74 |
| Fifty Two Week High Change | -19.115602 |
| Fifty Two Week High Change Percent | -0.48101664 |
| Fifty Two Week Low | 12.07 |
| Fifty Two Week Low Change | 8.5543995 |
| Fifty Two Week Low Change Percent | 0.70873237 |
| Fifty Two Week Range | 12.07 - 39.74 |
| First Trade Date Milliseconds | 1,765,895,400,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -2.0156 |
| Fullday Change Percent | -8.90283 |
| Fullday Price | 21.15 |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,765,756,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-12-16 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of GEV, consistent with the fund’s investment objective. It is non-diversified. |
| Long Name | Leverage Shares 2X Long GEV Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1969884841 |
| Nav Price | 22.6229 |
| Net Assets | 14,780,012.0 |
| Net Expense Ratio | 0.75 |
| Open | 21.971 |
| Post Market Change | 0.52560043 |
| Post Market Change Percent | 2.54844 |
| Post Market Price | 21.15 |
| Post Market Time | 1,787,961,228 |
| Previous Close | 22.64 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.0156002 |
| Regular Market Change Percent | -8.902827 |
| Regular Market Day High | 21.9719 |
| Regular Market Day Low | 20.6244 |
| Regular Market Day Range | 20.6244 - 21.9719 |
| Regular Market Open | 21.971 |
| Regular Market Previous Close | 22.64 |
| Regular Market Price | 20.6244 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 62,097 |
| Short Name | Leverage Shares 2X Long GEV Dai |
| Source Interval | 15 |
| Symbol | GEVG |
| Total Assets | 14,780,012 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -25.47336 |
| Trailing Three Month Returns | -25.47336 |
| Triggerable | 1 |
| Two Hundred Day Average | 24.044914 |
| Two Hundred Day Average Change | -3.420515 |
| Two Hundred Day Average Change Percent | -0.14225525 |
| Type Disp | ETF |
| Volume | 62,097 |
| Ytd Return | 84.17623 |