24-Jul-2026
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Leverage Shares 2X Long PANW Daily ETF seeks daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify (200%) the daily performance of the publicly-traded common stock of Palo Alto Networks, Inc. (NASDAQ: PANW). The Fund will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the financial institution will agree to exchange the return earned or realized on an investment by the Fund in PANW that is equal, on a daily basis, to 200% of the value of the Fund's net assets. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of PANW for that period. Longer holding periods, higher volatility of PANW and leverage increase the impact of compounding on an investor's returns. During periods of higher PANW volatility, the volatility of PANW may affect the Fund's return as much as, or more than, the return of PANW.
Leverage Shares 2X Long Panw Daily ETF trades on the NASDAQ stock market under the symbol PANG.
As of July 24, 2026, PANG stock price declined to $27.96 with 13,190 million shares trading.
PANG has a beta of 2.99, meaning it tends to be more sensitive to market movements. PANG has a correlation of 0.14 to the broad based SPY ETF.
PANG has a market cap of $6.29 million. This is considered a Sub-Micro Cap stock.
PANG has outperformed the market in the last year with a return of +80.9%, while the SPY ETF gained +17.7%. In the last 3 month period, PANG beat the market returning +197.6%, while SPY returned +3.8%. However, in the most recent 2 weeks PANG has underperformed the stock market by returning -2.5%, while SPY returned -2.1%.
PANG support price is $26.17 and resistance is $30.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PANG shares will trade within this expected range on the day.
