What is the ISIN of Leverage Shares 2X Long ORLY Daily ETF?

The ISIN of Leverage Shares 2X Long ORLY Daily ETF is US88340W5417.

What does leveraged daily exposure mean for Leverage Shares 2X Long ORLY Daily ETF?

Leverage Shares 2X Long ORLY Daily ETF aims to deliver 2 times the daily return of ORLY (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Leverage Shares 2X Long ORLY Daily ETF?

Volatility decay (also called compounding drag) occurs because Leverage Shares 2X Long ORLY Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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Leverage Shares 2X Long ORLY Daily ETF (ORLG) Price

Leverage Shares 2X Long ORLY Daily ETF Price

— EUR

TER0.75 %

AUM270,326 USD

CurrencyUSD

Funds Launch1/15/2026

Leverage Shares 2X Long ORLY Daily ETF Price

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Underlying

ORLY

ORLY2X Long Daily

ORLY

Leverage Shares 2X Long ORLY Daily ETF provides 2X daily exposure to ORLY.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.