Educational Report: Leverage Shares 2x Long GLXY Daily ETF (GLGG)

The Leverage Shares 2x Long GLXY Daily ETF (GLGG) is a leveraged ETF designed to provide double the daily return of its target asset. Based on the supplied data, this fund has experienced a significant share-price decline over the past year.

What this ETF is trying to do

GLGG is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of its underlying asset by two. It is not an inverse fund, meaning it is designed to go up when its target asset goes up.

What the numbers show

The data shows a steep decline in the share price:

• Current Price: $4.06

• Estimated Price (1 year ago): Approximately $30.08

• One-Year Price Return: -86.50%

• Year-to-Date (YTD) Price Return: -55.17%

Because this fund does not pay distributions, the one-year total return is the same as the price return: -86.50%.

For example, if an investor had put $10,000 into the fund based on the estimated price from one year ago, the value of those shares would be worth approximately $1,350 today based on the one-year price return.

Income and distribution explanation

GLGG does not provide income to investors. The data shows:

• Distribution Yield: 0%

• Payouts in last 12 months: 0

• Income Rating Grade: F

This ETF is not designed for investors seeking regular cash payments.

Price and NAV erosion explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the price-based evidence is significant. The fund has a severe erosion-risk flag and an erosion score of 10, which is labeled as "Severe price erosion." This means the split-adjusted price trend and the erosion score have triggered a severe warning regarding the decline in the share price.

Top Holdings

As of October 7, 2026, the fund's holdings are very limited:

• First American Treasury Obligs X (FXFXX): 6.00%

Pros

• Provides a way to get leveraged (2x) exposure to its target asset without needing a margin account.

Cons

• High Price Decline: The fund has lost a vast majority of its share value over the last year.

• No Income: There are no distributions or yields for investors.

• Severe Risk: The fund carries a severe price erosion-risk flag.

Beginner takeaway

GLGG is a high-risk, leveraged tool, not a traditional long-term investment. It provides no income and has seen a severe drop in share price. Investors should be aware that leveraged ETFs are designed for short-term goals and can lose value very quickly.