Leverage Shares Files Three Long and Short Cohere AI ETFs

Leverage Shares has filed for three single-stock ETFs offering daily long and inverse exposure to Cohere, an enterprise-focused AI company. The 2X Long Cohere Daily ETF will target 200% of Cohere’s daily performance, while the 2X Short and 1X Short ETFs will seek -200% and -100% daily exposure, respectively. Each fund will use Cohere shares and financial instruments to obtain its targeted exposure, with at least 80% of net assets plus borrowings dedicated to the strategy. Cohere develops generative and agentic AI models and software for enterprise and government customers, supporting applications such as text generation, search and information retrieval.