MCHGLeverage Shares 2X Long MCHP Daily ETF
Seeks daily leveraged investment results of 200% of the daily percentage change in the price of the common stock of MCHP.
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What's inside
How Beacon categorizes this fundListing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily leveraged investment results of 200% of the daily percentage change in the price of the common stock of MCHP.
- Strategy
- Actively managed ETF that invests at least 80% of net assets in the common stock of MCHP and financial instruments to achieve 200% daily leveraged exposure. Uses derivatives like swaps and options, including deep in-the-money calls and synthetic forwards, to maintain exposure. The Fund is concentrated in the semiconductor industry and resets exposure daily, which may lead to performance deviating from 200% of MCHP's return over longer periods. High portfolio turnover is expected due to daily rebalancing.
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-21