Leverage Shares 2X Long ORLY Daily ETF (ORLG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
13.59 USD
Short-term: ☆☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:02 a.m. EDT
ORLG is a financial trap for leverage ETF investing due to structural decay and dying liquidity. Despite the 2x daily designation, the underlying ORLY fundamentals are neutral, the leverage mechanism will cause massive terminal value decay, and the asset has zero dividend support. With suppressed volume and no options flow, any capital allocation here is a high-probability loss on venture capital fees and volatility drag. |
As of April 19, 2026, 12:02 a.m. EDT: Options activity is effectively nil for both calls and puts, with no significant volume or open interest at any expiration. The lack of any priced in volatility (0.25 at the one noted expiration) or speculation suggests a complete absence of trading interest or directional conviction.
| Attribute | Value |
|---|---|
| All Time High | 16.993 |
| All Time Low | 12.237 |
| Average Daily Volume10 Day | 920 |
| Average Daily Volume3 Month | 831 |
| Average Volume | 831 |
| Average Volume10Days | 920 |
| Beta3 Year | 0.0 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 13.68 |
| Day Low | 13.585 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 13.8097 |
| Fifty Day Average Change | -0.22469997 |
| Fifty Day Average Change Percent | -0.01627117 |
| Fifty Two Week Change Percent | -6.1609387 |
| Fifty Two Week High | 16.993 |
| Fifty Two Week High Change | -3.408 |
| Fifty Two Week High Change Percent | -0.20055316 |
| Fifty Two Week Low | 12.237 |
| Fifty Two Week Low Change | 1.3479996 |
| Fifty Two Week Low Change Percent | 0.110157676 |
| Fifty Two Week Range | 12.237 - 16.993 |
| First Trade Date Milliseconds | 1,768,487,400,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,768,348,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,026-01-15 |
| 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 ORLY Daily ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1973821786 |
| Nav Price | 13.6161 |
| Net Assets | 271,652.0 |
| Net Expense Ratio | 0.75 |
| Open | 13.6701 |
| Previous Close | 13.585 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0 |
| Regular Market Change Percent | 0.0 |
| Regular Market Day High | 13.68 |
| Regular Market Day Low | 13.585 |
| Regular Market Day Range | 13.585 - 13.68 |
| Regular Market Open | 13.6701 |
| Regular Market Previous Close | 13.585 |
| Regular Market Price | 13.585 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 62 |
| Short Name | Leverage Shares 2X Long ORLY Da |
| Source Interval | 15 |
| Symbol | ORLG |
| Total Assets | 271,652 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 14.264708 |
| Two Hundred Day Average Change | -0.6797075 |
| Two Hundred Day Average Change Percent | -0.047649596 |
| Type Disp | ETF |
| Volume | 62 |