Leverage Shares 2X Long ON Daily ETF
No trades
No trades
Key stats
Details
Home page
Inception date
Jun 2, 2026
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Themes Management Co. LLC
Distributor
ALPS Distributors, Inc.
ISIN
US88340W3503
CUSIP
88340W350
FIGI
BBG022Q0MX98
Identifiers
ISIN US88340W3503
ONG is designed to make bullish bets on the stock price of ON Semiconductor Corporation (Nasdaq: ON) through derivatives investments such as swap agreements. ON develops and manufactures semiconductor components and integrated solutions designed to improve energy efficiency, electrification, safety, and automation across multiple industries. Its products include power management devices, analog components, sensors, and connectivity solutions. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to adjust to ON's daily price movements. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. Note that if ON's value declines by more than 50% relative to the fund, investors could face a total loss. The fund could potentially lose money over time, even if ON's performance strengthens.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous93.73%
Mutual fund6.27%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
ONG assets under management is 1.00 M USD. It's fallen 47.52% over the last month.
ONG fund flows account for 1.67 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ONG doesn't pay dividends to its holders.
ONG shares are issued by ETP Holding Co. LLC under the brand Leverage Shares. The ETF was launched on Jun 2, 2026, and its management style is Active.
ONG expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
ONG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ONG invests in funds.
ONG trades at a premium (1.05%) meaning the ETF is trading at a higher price than the calculated NAV.