New Listing

Leverage Shares unveils short and leverage ‘magnificent seven’ ETPs

Semiconductor and AI ETPs also launched

Lauren Gibbons

Oktay Kavrak

Exchange-traded product (ETP) specialist Leverage Shares has unveiled eight ETPs offering short and leverage exposures to the ‘magnificent seven’, semiconductors and AI-focused equities.

The eight ETPs are listed on the London Stock Exchange (LSE) with total expense ratios (TERs) of 0.75%.

The ETPs are:

SOXL and SOXS deliver leveraged and short exposure to the NYSE Semiconductor index, which captures the 30 largest US semiconductor companies.

Elsewhere, MAG7 and MAGS offer leveraged and short exposure to the daily return of the Solactive Magnificent 7 index while GPT3 and GPTS presents both leveraged and short exposure to the Solactive US Artificial Intelligence (AI) index.

Finally, SMCI offers inverse single stock exposure to tech firm Super Micro Computer while IONQ provides inverse exposure to IonQ, a US-based quantum computing company.

Oktay Kavrak (pictured), director of communications and strategy at Leverage Shares, said: “With our latest listings, investors can now trade everything from single stocks to themes/sectors and broad market trackers all through the familiarity of their share dealing account.

“The selection of AI, the ‘magnificent seven’ and semiconductors reflects our commitment to staying at the forefront of market trends. This means regardless of whether you are optimistic or cautious about the market's direction, you will have a flexible way to position yourself accordingly.

“We believe we are still in the early stages of the AI revolution, meaning these will be tactical tools to play this growing theme for years to come.”

Leverage Shares launched four exchange-traded commodities (ETCs) tracking WTI and Brent crude oil, natural gas and copper as part of a string of launches last November.

Featured in this article