Leverage Shares 2X Long ONDS Daily ETF (ONDG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
2.42 USD
+0.11
(4.762%)
⇧
(July 14, 2026, 9:51 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:12 a.m. EDT
This leveraged ETF is in a severe downtrend, having collapsed from a high of $17.40 to trade near $2.50-$3.00. The recent price action shows continued weakness, closing below the 50-day and 200-day moving averages, which act as heavy resistance. The market has completely rejected any bounce, evidenced by the crushing volume in put options compared to calls. This is a classic 'death spiral' scenario for leveraged products where daily rebalancing compounds losses during a prolonged decline. There is no fundamental business here to support a long-term hold; it is purely a vehicle for speculative leverage that has failed. The options market is screaming 'sell,' with investors buying deep out-of-the-money puts to hedge against further drops. Avoid this instrument entirely. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.264963 |
| AutoARIMA | 0.301079 |
| AutoETS | 0.301211 |
| MSTL | 0.305669 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 23% |
| H-stat | 0.47 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 1.40 |
As of July 11, 2026, 3:12 a.m. EDT: Speculators are overwhelmingly positioning for downside protection. Put open interest vastly dominates call open interest across all expirations, with massive concentrations at strikes significantly below the current price (e.g., 5.0 and 6.0 for July puts). Call activity is negligible and concentrated at very low strikes, indicating a lack of bullish conviction. Implied volatility is elevated on puts relative to calls, reflecting fear of further declines.
| Attribute | Value |
|---|---|
| All Time High | 17.396 |
| All Time Low | 2.24 |
| Ask | 2.44 |
| Ask Size | 361 |
| Average Daily Volume10 Day | 2,409,100 |
| Average Daily Volume3 Month | 1,557,467 |
| Average Volume | 1,557,467 |
| Average Volume10Days | 2,409,100 |
| Beta3 Year | 0.0 |
| Bid | 2.39 |
| Bid Size | 361 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 2.46 |
| Day Low | 2.29 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 4.9673 |
| Fifty Day Average Change | -2.5472999 |
| Fifty Day Average Change Percent | -0.5128138 |
| Fifty Two Week Change Percent | -86.14836 |
| Fifty Two Week High | 17.396 |
| Fifty Two Week High Change | -14.976 |
| Fifty Two Week High Change Percent | -0.8608875 |
| Fifty Two Week Low | 2.24 |
| Fifty Two Week Low Change | 0.18000007 |
| Fifty Two Week Low Change Percent | 0.08035717 |
| Fifty Two Week Range | 2.24 - 17.396 |
| First Trade Date Milliseconds | 1,768,314,600,000 |
| Full Exchange Name | NasdaqGM |
| 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 ONDS Daily ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1973823242 |
| Nav Price | 2.5025 |
| Net Assets | 22,796,044.0 |
| Net Expense Ratio | 0.75 |
| Open | 2.32 |
| Previous Close | 2.31 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.11000013 |
| Regular Market Change Percent | 4.7619104 |
| Regular Market Day High | 2.46 |
| Regular Market Day Low | 2.29 |
| Regular Market Day Range | 2.29 - 2.46 |
| Regular Market Open | 2.32 |
| Regular Market Previous Close | 2.31 |
| Regular Market Price | 2.42 |
| Regular Market Time | 1,784,037,086 |
| Regular Market Volume | 510,502 |
| Short Name | Leverage Shares 2X Long ONDS Da |
| Source Interval | 15 |
| Symbol | ONDG |
| Total Assets | 22,796,044 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -38.06004 |
| Trailing Three Month Returns | -38.06004 |
| Triggerable | 1 |
| Two Hundred Day Average | 6.784476 |
| Two Hundred Day Average Change | -4.3644757 |
| Two Hundred Day Average Change Percent | -0.64330333 |
| Type Disp | ETF |
| Volume | 510,502 |