Leverage Shares 2X Long TSM Daily ETF (TSMG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
31.97 USD
-0.83
(-2.524%) ⇩
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 11:28 p.m. EDT
Avoid this instrument entirely. Despite the massive 9.89% yield, it is an artificial yield generated by the heavy recharge/dividend policy of the 2x ETF, not current income distribution. The underlying asset (TSM) has likely corrected sufficiently, but holding a leveraged product during a 35%+ drawdown is mathematically dangerous; the 'Buy the Dip' logic fails here due to compounding decay. The forecast model predicts further downside (-3%), options pricing suggests deep put protection is being bought, and the 'hot take' is that the high yield is a trap for long-term holders facing inevitable leverage blow-up in a volatile environment. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.085277 |
| AutoETS | 0.085278 |
| MSTL | 0.086393 |
| AutoTheta | 0.086811 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.68 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.777 |
| Excess Kurtosis | -0.48 |
As of April 18, 2026, 11:28 p.m. EDT: Options data reveals a distorted market structure due to the 2x leverage nature of TSMG. In the May 2026 expiry, put activity is concentrated at deep strikes (15.0) showing OI spiking, while calls are relatively flat until 40.0. This suggests capital is positioning for downside tail risk or reaction to fund closures rather than a leverage-specific crash. However, the high IV (1.73) at the 15.0 strike vs (0.72) at ATM indicates speculative fear of a deeper drop, despite the recent 14-day price resilience (gaining back from 24.22 lows). The June 2026 data shows significant calls OI at strike 40.0 (an 18% target from current ~33) alongside deep puts, indicating a risk-on/off hedge strategy. Overall flow is defensive but with mild bullish positioning at the $30-35 range by mid-year.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 2.727 | 11.788864 |
| Attribute | Value |
|---|---|
| All Time High | 37.81 |
| All Time Low | 6.02 |
| Ask | 40.76 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 113,520 |
| Average Daily Volume3 Month | 106,342 |
| Average Volume | 106,342 |
| Average Volume10Days | 113,520 |
| Beta3 Year | 0.0 |
| Bid | 23.34 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 32.57 |
| Day Low | 31.65 |
| Dividend Yield | 9.89 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 30.92596 |
| Fifty Day Average Change | 1.0460396 |
| Fifty Day Average Change Percent | 0.033823997 |
| Fifty Two Week Change Percent | 325.2161 |
| Fifty Two Week High | 37.81 |
| Fifty Two Week High Change | -5.8380013 |
| Fifty Two Week High Change Percent | -0.15440363 |
| Fifty Two Week Low | 7.2 |
| Fifty Two Week Low Change | 24.772 |
| Fifty Two Week Low Change Percent | 3.4405556 |
| Fifty Two Week Range | 7.2 - 37.81 |
| First Trade Date Milliseconds | 1,736,865,000,000 |
| Full Exchange Name | NasdaqGM |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1889224563 |
| Nav Price | 31.9734 |
| Net Assets | 17,371,502.0 |
| Net Expense Ratio | 0.76 |
| Open | 32.43 |
| Pre Market Change | 0.6662998 |
| Pre Market Change Percent | 2.0917501 |
| Pre Market Price | 32.52 |
| Pre Market Time | 1,776,770,279 |
| Previous Close | 32.8 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.8279991 |
| Regular Market Change Percent | -2.5243876 |
| Regular Market Day High | 32.57 |
| Regular Market Day Low | 31.65 |
| Regular Market Day Range | 31.65 - 32.57 |
| Regular Market Open | 32.43 |
| Regular Market Previous Close | 32.8 |
| Regular Market Price | 31.972 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 88,601 |
| Short Name | Leverage Shares 2X Long TSM Dai |
| Source Interval | 15 |
| Symbol | TSMG |
| Total Assets | 17,371,502 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 16.21226 |
| Trailing Three Month Returns | 16.21226 |
| Triggerable | 1 |
| Two Hundred Day Average | 24.895954 |
| Two Hundred Day Average Change | 7.076046 |
| Two Hundred Day Average Change Percent | 0.28422475 |
| Type Disp | ETF |
| Volume | 88,601 |
| Yield | 0.098900005 |
| Ytd Return | 16.21226 |