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NUG ETF — Holdings & Analysis

The Leverage Shares 2X Long NU Daily ETF (NUG) offers a leveraged approach to investing in Nu Holdings (NYSE: NU), aiming for daily exposure equivalent to 200% of the company's stock performance. With an expense ratio of 0.75%, NUG employs swap agreements and, potentially, synthetic forward options to achieve its leveraged objective. This geared product is designed as a short-term tactical tool and has approximately $0.00B in assets under management. Investors should note that NUG rebalances daily and is not intended as a long-term investment.

Leverage Shares 2X Long NU Daily ETF (NUG) ETF — Price, Holdings & Analysis

The Leverage Shares 2X Long NU Daily ETF (NUG) offers a leveraged approach to investing in Nu Holdings (NYSE: NU), aiming for daily exposure equivalent to 200% of the company's stock performance. With an expense ratio of 0.75%, NUG employs swap agreements and, potentially, synthetic forward options to achieve its leveraged objective. This geared product is designed as a short-term tactical tool and has approximately $0.00B in assets under management. Investors should note that NUG rebalances daily and is not intended as a long-term investment.

ETF Overview

NUG is designed to make bullish bets on the stock price of Nu Holdings (NYSE: NU) through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to NU's daily price movements. Depending on market conditions and operational constraints, the fund may also utilize a synthetic forward options strategy. As a geared product, the fund is intended as a short-term tactical tool rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x multiplier if held for longer than a single day due to compounding. This high-risk strategy does not include a defensive position as part of its overall process. Should NU's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time even if NU's performance strengthens.
NUG provides a leveraged investment strategy specifically targeting Nu Holdings (NYSE: NU). The ETF seeks to deliver twice the daily percentage change in the price of NU stock through the use of swap agreements. In addition to swaps, the fund may utilize synthetic forward options strategies. The fund's investment objective is to provide 200% leveraged exposure to the daily performance of NU. NUG is rebalanced daily to maintain its target leverage ratio, which can lead to compounding effects over longer periods, potentially causing returns to deviate from the expected 2x multiplier. The fund's top holding is First American Treasury Obligs X (FXFXX) at 15.01%. NUG is designed for investors with a high-risk tolerance seeking short-term tactical exposure to Nu Holdings.

Risk Metrics

NUG carries significant risks associated with its leveraged investment strategy. The fund's objective of achieving 200% daily exposure to Nu Holdings amplifies both potential gains and losses. Due to daily rebalancing, returns over longer periods may vary significantly from the stated 2x leverage target due to compounding. As a geared product, NUG is designed for short-term tactical use only. The fund's 0.75% expense ratio can erode returns, especially if held for extended periods. Investors could face a total loss if NU's value declines by more than 50% relative to the fund. The fund's country exposure is entirely in 'Other' at 100.0%, indicating potential geographic concentration risk. Past performance does not guarantee future results.

Expense Ratio

0.75%

Top Holdings

Sector Allocation

  • Other: 100.0%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is NUG and what does it track?

The Leverage Shares 2X Long NU Daily ETF (NUG) is designed to provide twice the daily percentage change in the stock price of Nu Holdings (NYSE: NU). It aims to deliver leveraged exposure equivalent to 200% of the fund's net assets through swap agreements and potentially synthetic forward options. The fund is rebalanced daily to maintain its target leverage. NUG is intended for short-term tactical use and is not suitable for long-term investment strategies due to the effects of compounding and daily rebalancing. Investors should be aware of the risks associated with leveraged ETFs.

What is the expense ratio for NUG?

The expense ratio for NUG is 0.75%. This means that for every $10,000 invested in the fund, $75 is charged annually to cover operating expenses. While this provides leveraged exposure, the expense ratio is higher than many broad-market equity ETFs. the may be worth researching impact of this expense ratio, especially if holding the ETF for more than a day, as it can erode returns over time.

What are the top holdings in NUG?

As a leveraged ETF, NUG primarily uses financial instruments to achieve its investment objective. The top holding is First American Treasury Obligs X (FXFXX), comprising 15.01% of the fund's assets. The fund uses swap agreements to gain exposure to Nu Holdings. The other holdings are likely related to collateral or cash management to support the swap agreements and maintain the fund's leveraged position.

Is NUG a good long-term investment?

NUG is not designed as a long-term investment vehicle. Its leveraged nature and daily rebalancing can lead to significant deviations from the expected 2x return over extended periods due to compounding. The fund's description explicitly states it is intended as a short-term tactical tool. Investors seeking long-term exposure to Nu Holdings should consider alternative investment options. Past performance does not guarantee future results.

How does NUG compare to similar ETFs?

NUG is unique in its specific focus on providing leveraged exposure to Nu Holdings. Other leveraged ETFs may target broader market indices or different sectors. NUG's expense ratio of 0.75% may be higher than some unleveraged ETFs but is typical for leveraged products. Given its small AUM of $0.00B, NUG may be less liquid than larger, more established ETFs. Investors should compare NUG's strategy and risk profile to those of other leveraged and unleveraged ETFs before investing.

Does NUG pay dividends?

According to the provided data, NUG has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividend income to its shareholders. The fund's focus is on providing leveraged exposure to the price movements of Nu Holdings, rather than generating income through dividends.