OPEG ETF — Holdings & Analysis

The Leverage Shares 2x Long OPEN Daily ETF (OPEG) is a leveraged ETF that seeks to deliver two times (200%) the daily performance of OPEN stock, before fees and expenses. It is designed for active traders who want to magnify their short-term exposure to OPEN. OPEG is not intended as a long-term investment due to the effects of compounding on leveraged returns. The fund rebalances daily to maintain its 2x leverage ratio, which can lead to increased transaction costs and potential tracking error over longer periods. Past performance does not guarantee future results.

The expense ratio for OPEG is 0.75%. This means that for every $10,000 invested, $75 is deducted annually to cover the fund's operating expenses. While there isn't a defined category average for 2x leveraged single-stock ETFs, this expense ratio is relatively high compared to broad market equity ETFs, which often have expense ratios below 0.20%. the may be worth researching expense ratio as a factor impacting overall returns, especially in a product designed for short-term trading.

As of 2026-03-15, the top holding in OPEG is First American Treasury Obligs X (FXFXX), comprising 7.66% of the fund's portfolio. This holding likely serves as collateral for the fund's leveraged strategy. While OPEG aims to deliver 2x the daily performance of OPEN, it appears the fund uses treasury obligations to manage risk and maintain its leveraged exposure. The remaining holdings are not specified, but are likely related to the instruments used to achieve the leveraged exposure to OPEN.

OPEG is generally not considered a suitable long-term investment. It is designed to deliver two times the *daily* performance of OPEN stock. Due to the effects of compounding, the fund's performance over longer periods can deviate significantly from two times the cumulative return of OPEN. Leveraged ETFs like OPEG are best used by sophisticated traders who understand the risks and actively monitor their positions. The high expense ratio of 0.75% also erodes long-term returns. Past performance does not guarantee future results.

OPEG is a unique ETF in that it offers 2x leveraged exposure to a single stock (OPEN). While there aren't many directly comparable ETFs with the exact same focus, there are other leveraged ETFs that track different indexes or stocks. OPEG's expense ratio of 0.75% is higher than many broad-market ETFs but may be typical for leveraged products. Its small AUM of $0.00B suggests it is a relatively new or niche product. Investors should compare OPEG's strategy and risk profile to other leveraged ETFs before investing. Past performance does not guarantee future results.

According to the provided data, OPEG 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 delivering leveraged daily returns based on the price movement of OPEN, rather than generating income. Investors seeking dividend income should consider other ETFs that prioritize dividend payouts.