Stock Expert AI

PANG ETF — Holdings & Analysis

The Leverage Shares 2x Long PANW Daily ETF (PANG) is a leveraged equity ETF with $0.01B in assets under management and an expense ratio of 0.75%.

PANG aims to deliver twice the daily performance of PANW stock, catering to active traders seeking amplified short-term gains. This ETF is designed for sophisticated investors with a high-risk tolerance, focusing on short-term tactical opportunities rather than long-term investment.

Leverage Shares 2x Long PANW Daily ETF (PANG) ETF — Price, Holdings & Analysis

The Leverage Shares 2x Long PANW Daily ETF (PANG) is a leveraged equity ETF with $0.01B in assets under management and an expense ratio of 0.75%. PANG aims to deliver twice the daily performance of PANW stock, catering to active traders seeking amplified short-term gains. This ETF is designed for sophisticated investors with a high-risk tolerance, focusing on short-term tactical opportunities rather than long-term investment.

ETF Overview

The Leverage Shares 2x Long PANW Daily ETF (PANG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. The PANG ETF aims to achieve two times (200%) the daily performance of PANW stock, minus fees and expenses.
The Leverage Shares 2x Long PANW Daily ETF (PANG) offers a leveraged exposure strategy, seeking to magnify the daily performance of PANW stock by 200%. This ETF is designed for active traders who aim to capitalize on short-term price movements in PANW. With only 4 holdings, PANG is highly concentrated in a single stock, making it a very specific and targeted investment vehicle. The fund's country exposure is entirely in 'Other' at 100%, reflecting its focus on a single, non-domestic equity. PANG is not designed for buy-and-hold investors; instead, it serves those who actively monitor the market and seek to leverage their short-term predictions. Due to its leveraged nature, the ETF's performance can deviate significantly from the underlying asset over longer periods due to the effects of compounding.

Risk Metrics

PANG carries substantial risks due to its leveraged nature. The 2x daily leverage means that losses can be magnified just as gains can be. The fund's concentration in a single stock (PANW) further amplifies risk, as the ETF's performance is entirely dependent on the performance of that one company. With a beta of 0.00, PANG's volatility relative to the market cannot be determined. The 0.75% expense ratio can create a drag on performance, especially if the anticipated short-term gains do not materialize. Given its structure, PANG is not suitable for risk-averse investors or those with a long-term investment horizon. Past performance does not guarantee future results.

Expense Ratio

0.75%

How Is the Fund Allocated?

CountryWeight
Other100.0%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.00

Questions & Answers

What is PANG and what does it track?

The Leverage Shares 2x Long PANW Daily ETF (PANG) is a leveraged exchange-traded fund designed to deliver twice the daily performance of PANW stock.

This means that if PANW increases by 1% on a given day, PANG aims to increase by 2%, before fees and expenses. Conversely, if PANW decreases by 1%, PANG is designed to decrease by 2%.

What is the expense ratio for PANG?

The expense ratio for PANG is 0.75%. This means that for every $1000 invested in the ETF, $7.50 is used to cover the fund's operating expenses annually.

While it's difficult to provide a direct category average comparison due to the unique leveraged nature of this ETF, standard equity ETFs typically have expense ratios ranging from 0.10% to 0.50%.

What are the top holdings in PANG?

As a leveraged ETF, PANG's holdings are concentrated. The ETF's investment strategy is to provide leveraged exposure to PANW stock. As of today, the ETF has 4 holdings, with the primary holding being PANW stock.

Because PANG seeks to replicate twice the daily performance of PANW, its exposure to PANW will be adjusted daily to achieve the target leverage.

Is PANG a good long-term investment?

PANG is generally not considered a suitable long-term investment due to its leveraged nature and daily reset mechanism.

The ETF is designed to deliver twice the daily performance of PANW, which means that its performance over longer periods can deviate significantly from the underlying stock due to the effects of compounding. The 0.75% expense ratio can also erode long-term returns.

How does PANG compare to similar ETFs?

PANG is a unique ETF offering 2x leveraged exposure to PANW. Compared to non-leveraged ETFs, PANG carries significantly higher risk and potential reward. Other leveraged ETFs may track different underlying assets or offer different multiples of leverage.

PANG's expense ratio of 0.75% may be higher than some unleveraged ETFs, but it is typical for leveraged products.

Does PANG pay dividends?

According to the provided data, PANG has a dividend yield of 0.00%. This indicates that the ETF does not currently distribute any dividend income to its shareholders.

The fund's focus is on delivering leveraged daily performance rather than generating dividend income. Investors seeking dividend income may want to consider other equity ETFs that prioritize dividend payouts.