Key stats
Fund info
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Inception date
Jan 13, 2026
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Capitalizes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Themes Management Co. LLC
Distributor
ALPS Distributors, Inc.
ISIN
US88340W7983
CUSIP
88340W798
FIGI
BBG01ZJ1S6Y7
Identifiers
ISIN US88340W7983
ONDG is designed for making bullish bets on the stock price of Ondas Holdings Inc., through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to ONDS's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should ONDS's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if ONDS's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash90.81%
Mutual fund9.19%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
ONDG assets under management is 25.06 M USD. It's risen 6.12% over the last month.
ONDG fund flows account for 51.61 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ONDG doesn't pay dividends to its holders.
ONDG shares are issued by ETP Holding Co. LLC under the brand Leverage Shares. The ETF was launched on Jan 13, 2026, and its management style is Active.
ONDG expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
ONDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ONDG invests in cash.
ONDG trades at a premium (0.68%) meaning the ETF is trading at a higher price than the calculated NAV.