Leverage Shares 2X Long PYPL Daily ETF (PYPG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
6.20 USD
+0.34
(5.712%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:30 a.m. EDT
This instrument is a classic case of 'dead money' trapped in a leveraged structure. The underlying asset, PayPal (PYPL), has suffered a catastrophic multi-year decline, dropping from roughly $18.72 to under $6.00, which has rendered this 2x long ETF nearly worthless (trading around $5.86). The leverage mechanism has amplified the losses, erasing over 70% of the potential equity value. There is no dividend to provide income, and the recent price action shows a slight, fragile recovery attempt but remains well below its 200-day average, indicating persistent bearish sentiment. The options market offers no clarity, with almost no volume to suggest where smart money is positioning. For a long-term investor, the structural damage to the underlying business and the compounding decay of the leveraged vehicle make this a poor candidate for recovery. It is currently a neutral hold at best, offering no compelling entry point until the underlying business shows sustained, multi-year growth again. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.255405 |
| AutoETS | 0.257482 |
| MSTL | 0.257625 |
| AutoTheta | 0.294215 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 30% |
| H-stat | 3.58 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.007 |
| Excess Kurtosis | 0.94 |
As of July 11, 2026, 4:30 a.m. EDT: Speculator positioning is extremely thin and fragmented due to the instrument's nature as a leveraged daily ETF. Call volume is negligible across all expirations, with open interest concentrated in deep out-of-the-money strikes (e.g., $8.00 strike in Dec) suggesting speculative bets on a massive gap-up, while put activity is similarly sparse. The lack of meaningful volume or standard hedging flows indicates no cohesive directional thesis among active traders; the market is effectively waiting for a catalyst that hasn't materialized.
| Attribute | Value |
|---|---|
| All Time High | 22.8 |
| All Time Low | 4.41 |
| Ask | 7.51 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 595,710 |
| Average Daily Volume3 Month | 634,508 |
| Average Volume | 634,508 |
| Average Volume10Days | 595,710 |
| Beta3 Year | 0.0 |
| Bid | 4.52 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 6.38 |
| Day Low | 5.85 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.49426 |
| Fifty Day Average Change | 0.70574 |
| Fifty Day Average Change Percent | 0.12845042 |
| Fifty Two Week Change Percent | -68.172485 |
| Fifty Two Week High | 22.8 |
| Fifty Two Week High Change | -16.599998 |
| Fifty Two Week High Change Percent | -0.72807014 |
| Fifty Two Week Low | 4.41 |
| Fifty Two Week Low Change | 1.79 |
| Fifty Two Week Low Change Percent | 0.4058957 |
| Fifty Two Week Range | 4.41 - 22.8 |
| First Trade Date Milliseconds | 1,743,773,400,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,743,638,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-04-04 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed ETF. It 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 PYPL, consistent with the fund’s investment objective. The fund is non-diversified. |
| Long Name | Leverage Shares 2X Long PYPL Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1918143681 |
| Nav Price | 5.8555 |
| Net Assets | 17,276,016.0 |
| Net Expense Ratio | 0.77 |
| Open | 6.0 |
| Pre Market Change | -0.2191 |
| Pre Market Change Percent | -3.533871 |
| Pre Market Price | 5.9809 |
| Pre Market Time | 1,784,029,371 |
| Previous Close | 5.865 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.335 |
| Regular Market Change Percent | 5.71185 |
| Regular Market Day High | 6.38 |
| Regular Market Day Low | 5.85 |
| Regular Market Day Range | 5.85 - 6.38 |
| Regular Market Open | 6.0 |
| Regular Market Previous Close | 5.865 |
| Regular Market Price | 6.2 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,558,638 |
| Short Name | Leverage Shares 2X Long PYPL Da |
| Source Interval | 15 |
| Symbol | PYPG |
| Total Assets | 17,276,016 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -13.56164 |
| Trailing Three Month Returns | -13.56164 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.21964 |
| Two Hundred Day Average Change | -3.01964 |
| Two Hundred Day Average Change Percent | -0.32752255 |
| Type Disp | ETF |
| Volume | 1,558,638 |
| Yield | 0.0 |
| Ytd Return | -53.95683 |