A pair of leveraged funds targeting the daily movements of ON Semiconductor and NXP stocks has been introduced.
Themes ETF Trust has launched two leveraged single-stock exchange-traded funds (ETFs) linked to two semiconductor companies: ON Semiconductor Corp and NXP Semiconductors. These vehicles are intended primarily for active traders seeking amplified short-term market exposure The funds, listed on the Cboe exchange, aim to deliver twice the daily performance of their respective underlying equities. The management fee is set at 0.75%. The products, identified as ONG – Leverage Shares 2