Leverage Shares Files Daily Long and Short Altera ETFs

Leverage Shares is preparing three daily leveraged ETFs tied to Altera: a 2X Long fund targeting 200% of the stock’s daily performance, a 2X Short targeting -200%, and a 1X Short targeting -100%. Each fund expects to invest at least 80% of net assets, plus investment borrowings, in Altera shares and instruments providing the required exposure. Altera supplies FPGAs and related technology for industrial, defense, data-center, telecom and edge-AI applications. Silver Lake owns 51% of Altera, while Intel retains 49%.