Leverage Shares 2X Long TSM Daily ETF (TSMG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
39.13 USD
-2.36
(-5.695%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:19 a.m. EDT
This instrument is a leveraged daily ETF designed for trading, not holding, which fundamentally caps its investment thesis. The price history reveals a catastrophic failure of the leveraged product: despite the underlying semiconductor index likely performing well over the last year, this fund has returned zero percent cumulatively. This indicates severe compounding drag that has completely erased the gains of the underlying asset, rendering it a value trap for any long-term holder. While the 5.36% dividend yield appears attractive, it is a mechanical distribution of capital that cannot offset the structural decay of the leveraged vehicle. The options data confirms this is a speculative vehicle; traders are buying insurance against a crash or a spike, not investing in growth. With no recent news, no earnings catalyst, and a broken compounding curve, there is no logical reason to deploy capital here beyond short-term tactical trading. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.138029 |
| MSTL | 0.173297 |
| AutoETS | 0.197334 |
| AutoARIMA | 0.197615 |
| MSTL_93 | 0.240560 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 3.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.806 |
| Excess Kurtosis | 0.29 |
As of July 11, 2026, 6:19 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional move. In the September expiration, there is a massive volume spike on deep out-of-the-money calls (strike 15) and deep out-of-the-money puts (strike 26), creating a 'straddle' bias where traders are betting on a gap event regardless of direction. Near-term expirations show heavy open interest at strikes significantly above the current price (60), suggesting some leverage-seeking behavior, but the overwhelming presence of OTM positioning across all tenors indicates a market waiting for a catalyst rather than a trend.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 2.727 | 11.788864 |
| Attribute | Value |
|---|---|
| All Time High | 51.24 |
| All Time Low | 6.02 |
| Ask | 50.2 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 97,640 |
| Average Daily Volume3 Month | 114,280 |
| Average Volume | 114,280 |
| Average Volume10Days | 97,640 |
| Beta3 Year | 0.0 |
| Bid | 29.76 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 41.95 |
| Day Low | 39.095 |
| Dividend Yield | 5.36 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.25448 |
| Fifty Day Average Change | -2.1274796 |
| Fifty Day Average Change Percent | -0.051569663 |
| Fifty Two Week Change Percent | 150.53616 |
| Fifty Two Week High | 51.24 |
| Fifty Two Week High Change | -12.113003 |
| Fifty Two Week High Change Percent | -0.23639739 |
| Fifty Two Week Low | 15.43 |
| Fifty Two Week Low Change | 23.696999 |
| Fifty Two Week Low Change Percent | 1.5357744 |
| Fifty Two Week Range | 15.43 - 51.24 |
| 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 | 41.4813 |
| Net Assets | 38,929,576.0 |
| Net Expense Ratio | 0.76 |
| Open | 41.35 |
| Pre Market Change | 1.2000008 |
| Pre Market Change Percent | 3.068271 |
| Pre Market Price | 40.31 |
| Pre Market Time | 1,784,029,224 |
| Previous Close | 41.49 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.3630028 |
| Regular Market Change Percent | -5.6953545 |
| Regular Market Day High | 41.95 |
| Regular Market Day Low | 39.095 |
| Regular Market Day Range | 39.095 - 41.95 |
| Regular Market Open | 41.35 |
| Regular Market Previous Close | 41.49 |
| Regular Market Price | 39.127 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 128,391 |
| Short Name | Leverage Shares 2X Long TSM Dai |
| Source Interval | 15 |
| Symbol | TSMG |
| Total Assets | 38,929,576 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 84.55309 |
| Trailing Three Month Returns | 84.55309 |
| Triggerable | 1 |
| Two Hundred Day Average | 31.223675 |
| Two Hundred Day Average Change | 7.903324 |
| Two Hundred Day Average Change Percent | 0.2531196 |
| Type Disp | ETF |
| Volume | 128,391 |
| Yield | 0.053600002 |
| Ytd Return | 114.47332 |