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Leverage Shares 2X Long GLXY Daily ETF (GLGG)

Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
5.72 USD -0.19 (-3.297%) ⇩ (July 15, 2026, 10:16 a.m. EDT)

Short-term:★☆☆☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 5:58 a.m. EDT

This leveraged ETF is in freefall, having lost over 80% of its value from its 52-week high, and the recent price action confirms a brutal capitulation phase. Over the last two weeks, the price has tumbled from $11.51 to $6.29, erasing nearly half of the remaining value in just ten trading days. This is not a standard correction; it is a structural implosion driven by the compounding decay inherent in daily-reset leverage when the underlying asset trends lower. The technicals are catastrophic, trading well below both the 50-day and 200-day moving averages, which now act as heavy resistance ceilings. While the statistical forecast model predicts a tiny further drop (-1%), its very low reliability makes it irrelevant compared to the overwhelming evidence of a broken trend. The options market reflects this despair, with massive put open interest at the bottom strikes acting as a floor for panic sellers, while call buyers are conspicuously absent. There is no fundamental business here to support a recovery; this is a vehicle for destruction that has already done its job. Investors should stay far away.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.209583
MSTL0.228057
AutoETS0.230249
AutoARIMA0.230252

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 26%
H-stat 9.77
Ljung-Box p 0.000
Jarque-Bera p 0.123
Excess Kurtosis -0.58

As of July 11, 2026, 5:58 a.m. EDT: Speculators are positioning for a severe downside event. Put open interest is heavily concentrated deep in-the-money (strikes $1, $3, $5), suggesting a hedge against a collapse to single-digit prices. Conversely, call activity is sparse and skewed toward extremely high strikes ($14+, $18+) with negligible volume, indicating a lack of genuine bullish conviction despite the leverage structure. The imbalance suggests a 'short gamma' environment where traders are betting on continued weakness or protecting existing long positions rather than initiating new upside bets.


Info Dump

Attribute Value
All Time High 45.8
All Time Low 3.45
Ask 5.8
Ask Size 9
Average Daily Volume10 Day 78,940
Average Daily Volume3 Month 56,852
Average Volume 56,852
Average Volume10Days 78,940
Beta3 Year 0.0
Bid 5.69
Bid Size 9
Category Trading--Leveraged Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 5.98
Day Low 5.715
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 9.52028
Fifty Day Average Change -3.8052797
Fifty Day Average Change Percent -0.39970252
Fifty Two Week Change Percent -58.59413
Fifty Two Week High 45.8
Fifty Two Week High Change -40.085
Fifty Two Week High Change Percent -0.87521833
Fifty Two Week Low 3.45
Fifty Two Week Low Change 2.265
Fifty Two Week Low Change Percent 0.65652174
Fifty Two Week Range 3.45 - 45.8
First Trade Date Milliseconds 1,755,783,000,000
Full Exchange Name NasdaqGM
Fund Family Themes ETF Trust
Fund Inception Date 1,755,648,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Ipo Expected Date 2,025-08-21
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 GLXY, consistent with the fund’s investment objective. The fund is non-diversified.
Long Name Leverage Shares 2X Long GLXY Daily ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1871798035
Nav Price 5.908
Net Assets 2,807,036.0
Net Expense Ratio 0.76
Open 5.98
Previous Close 5.91
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.1949997
Regular Market Change Percent -3.2966983
Regular Market Day High 5.98
Regular Market Day Low 5.715
Regular Market Day Range 5.715 - 5.98
Regular Market Open 5.98
Regular Market Previous Close 5.91
Regular Market Price 5.715
Regular Market Time 1,784,125,013
Regular Market Volume 12,699
Short Name Leverage Shares 2X Long GLXY Da
Source Interval 15
Symbol GLGG
Total Assets 2,807,036
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 76.24209
Trailing Three Month Returns 76.24209
Triggerable 1
Two Hundred Day Average 13.150045
Two Hundred Day Average Change -7.4350452
Two Hundred Day Average Change Percent -0.5654007
Type Disp ETF
Volume 12,699
Ytd Return -15.01647