Leverage Shares 2X Long TSM Daily ETF (TSMG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
37.02 USD
-1.45
(-3.768%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 37.30 +0.28 (0.745%) ⇧ (Aug. 28, 2026, 7:57 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:09 a.m. EDT
This is a leveraged daily ETF (2x long TSM) trading at a massive premium to its theoretical value, creating a dangerous setup for long-term holders. The price has nearly doubled since August 2025, yet the underlying semiconductor index has been flat, meaning the fund has suffered severe decay from compounding volatility drag. While the 7.74% dividend yield looks attractive, it is likely a trap; the payout ratio is unsustainable given the fund's structure and the recent price surge, and the yield will vanish if the fund decays further. The short-term outlook is neutral to slightly negative due to the statistical forecast leaning down and the heavy concentration of put open interest just below current prices, which often acts as a magnet to pull prices down. For a leveraged product, holding through a flat market is a losing game; the recent run-up has exhausted the easy gains, and the risk of a mean-reversion collapse is high. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.102862 |
| AutoARIMA | 0.106194 |
| AutoETS | 0.106196 |
| AutoTheta | 0.143268 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 8.24 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.788 |
| Excess Kurtosis | -0.16 |
As of Aug. 22, 2026, 3:09 a.m. EDT: Speculators are positioning for a range-bound or slightly bearish outcome in the near term. Call volume is heavily skewed toward deep out-of-the-money strikes (15.0 strike showing massive volume/IV spike relative to OI), suggesting a speculative bet on a sharp rally, while the bulk of open interest sits at moderate strikes (40.0). Put open interest is concentrated just below the current price (30.0 and 32.0 strikes), acting as a defensive wall against a drop. The lack of significant put volume at lower strikes suggests limited hedging for a major crash, while the call skew indicates fear of a gap-up or a 'long gamma' squeeze scenario.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 2.727 | 11.788864 |
| Attribute | Value |
|---|---|
| All Time High | 51.24 |
| All Time Low | 6.02 |
| Ask | 47.42 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 49,900 |
| Average Daily Volume3 Month | 90,314 |
| Average Volume | 90,314 |
| Average Volume10Days | 49,900 |
| Beta3 Year | 0.0 |
| Bid | 27.72 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 39.0599 |
| Day Low | 36.9 |
| Dividend Yield | 7.74 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 39.34364 |
| Fifty Day Average Change | -2.3231392 |
| Fifty Day Average Change Percent | -0.05904739 |
| Fifty Two Week Change Percent | 143.5571 |
| Fifty Two Week High | 51.24 |
| Fifty Two Week High Change | -14.2195015 |
| Fifty Two Week High Change Percent | -0.2775078 |
| Fifty Two Week Low | 15.7 |
| Fifty Two Week Low Change | 21.3205 |
| Fifty Two Week Low Change Percent | 1.3579936 |
| Fifty Two Week Range | 15.7 - 51.24 |
| First Trade Date Milliseconds | 1,736,865,000,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -1.4495 |
| Fullday Change Percent | -3.76787 |
| Fullday Price | 37.2963 |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,736,726,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-01-14 |
| 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 TSM, consistent with the fund’s investment objective. The fund is non-diversified. |
| Long Name | Leverage Shares 2X Long TSM Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1889224563 |
| Nav Price | 38.8155 |
| Net Assets | 31,370,368.0 |
| Net Expense Ratio | 0.76 |
| Open | 38.66 |
| Post Market Change | 0.2757988 |
| Post Market Change Percent | 0.7449894 |
| Post Market Price | 37.2963 |
| Post Market Time | 1,787,961,441 |
| Previous Close | 38.47 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -1.449501 |
| Regular Market Change Percent | -3.7678738 |
| Regular Market Day High | 39.0599 |
| Regular Market Day Low | 36.9 |
| Regular Market Day Range | 36.9 - 39.0599 |
| Regular Market Open | 38.66 |
| Regular Market Previous Close | 38.47 |
| Regular Market Price | 37.0205 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 45,061 |
| Short Name | Leverage Shares 2X Long TSM Dai |
| Source Interval | 15 |
| Symbol | TSMG |
| Total Assets | 31,370,368 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -4.87915 |
| Trailing Three Month Returns | -4.87915 |
| Triggerable | 1 |
| Two Hundred Day Average | 33.16496 |
| Two Hundred Day Average Change | 3.8555412 |
| Two Hundred Day Average Change Percent | 0.11625346 |
| Type Disp | ETF |
| Volume | 45,061 |
| Yield | 0.0774 |
| Ytd Return | 48.55418 |