Question 1

Who is the provider of Leverage Shares -3x Short UBS ETP?

Accepted Answer

Leverage Shares -3x Short UBS ETP is offered by Leverage Shares, a leading player in the field of passive investments.

Question 2

What is the ISIN of Leverage Shares -3x Short UBS ETP?

Accepted Answer

The ISIN of Leverage Shares -3x Short UBS ETP is XS2691036805.

Question 3

What does leveraged daily exposure mean for Leverage Shares -3x Short UBS ETP?

Accepted Answer

Leverage Shares -3x Short UBS ETP aims to deliver 3 times the daily return of UBS (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

Question 4

What is volatility decay and how does it affect Leverage Shares -3x Short UBS ETP?

Accepted Answer

Volatility decay (also called compounding drag) occurs because Leverage Shares -3x Short UBS ETP rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Question 5

Is Leverage Shares -3x Short UBS ETP suitable for long-term buy-and-hold investing?

Accepted Answer

Leveraged ETFs like Leverage Shares -3x Short UBS ETP are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.

Question 6

What is the underlying asset of Leverage Shares -3x Short UBS ETP?

Accepted Answer

Leverage Shares -3x Short UBS ETP provides 3X daily short/inverse exposure to UBS. When UBS moves +1% in a day, Leverage Shares -3x Short UBS ETP targets approximately 3% (before fees).

Question 7

What is the Total Expense Ratio (TER) of Leverage Shares -3x Short UBS ETP?

Accepted Answer

The total expense ratio of Leverage Shares -3x Short UBS ETP is 4.75%, which means that investors pay 475 USD per 10,000 USD in investment capital annually.

Question 8

What currency is Leverage Shares -3x Short UBS ETP listed in?

Accepted Answer

The ETF is listed in USD.

Question 9

What additional costs can European investors incur?

Accepted Answer

European investors may incur additional costs for currency exchange and transaction fees.

Question 10

Is Leverage Shares -3x Short UBS ETP UCITS-compliant?

Accepted Answer

No, Leverage Shares -3x Short UBS ETP does not comply with the EU UCITS investor protection directives.

Question 11

What index is replicated by Leverage Shares -3x Short UBS ETP?

Accepted Answer

Leverage Shares -3x Short UBS ETP tracks the performance of the iSTOXX Inverse Leveraged -3x UBS Index - Benchmark TR Net.

Question 12

Where is Leverage Shares -3x Short UBS ETP domiciled?

Accepted Answer

Leverage Shares -3x Short UBS ETP is domiciled in IE.

Question 13

When was Leverage Shares -3x Short UBS ETP launched?

Accepted Answer

The fund was launched on 11/8/2023.

Question 14

In which segment does Leverage Shares -3x Short UBS ETP primarily invest?

Accepted Answer

The Leverage Shares -3x Short UBS ETP mainly invests in Financial titles companies.

Question 15

What is the Net Asset Value (NAV) of Leverage Shares -3x Short UBS ETP?

Accepted Answer

The NAV of Leverage Shares -3x Short UBS ETP amounts to 1.72 M USD.

Question 16

How can I invest in this ETF?

Accepted Answer

Investments can be made through brokers or financial institutions that provide access to trading ETFs.

Question 17

How is the ETF traded?

Accepted Answer

The ETF is traded on the stock exchange, similar to stocks.

Question 18

Can I hold the ETF in my portfolio?

Accepted Answer

Yes, the ETF can be held in a regular securities account.

Question 19

Is the ETF suitable for short-term or long-term investments?

Accepted Answer

The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.

Question 20

How often is the ETF valued?

Accepted Answer

The ETF is valued on a daily stock exchange basis.

Question 21

Are there dividends for this ETF?

Accepted Answer

Information on dividends should be requested from the provider's website or your broker.

Question 22

What are the risks associated with this ETF?

Accepted Answer

The risks include market fluctuations, currency risks, and the risk associated with smaller companies.

Question 23

How transparent is the ETF regarding its investments?

Accepted Answer

The ETF is obligated to report regularly and transparently on its investments.

Question 24

How can I track the current performance of the ETF?

Accepted Answer

The performance can be viewed on Eulerpool or directly on the provider's website.

Question 25

Where can I find more information about the ETF?

Accepted Answer

Further information can be found on the official website of the provider.

Leverage Shares -3x Short UBS ETP