Leverage Shares has launched the first leveraged and inverse exchange-traded product tied to the performance of MicroStrategy stock.
These new investment products, now available on the London Stock Exchange, include the 3x Long MicroStrategy exchange-traded product (ticker symbol ‘$MST3’) and the 3x Short MicroStrategy exchange-traded product (ticker symbol ‘$MSTS’).
For investors unfamiliar with ETPs, they are financial instruments that track the performance of an asset, such as stocks — in this case, MicroStrategy’s stock.
The 3x long exchange-traded product allows investors to triple the gains (or losses) of MicroStrategy’s stock, while the -3x short exchange-traded product lets investors profit if the stock’s value falls, with triple leverage.
Microstrategy is known for its extensive Bitcoin Bitcoin
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Bitcoin holdings. On Sept. 20, MicroStrategy announced it had purchased an additional 7,420 Bitcoin for over $458 million at an average price of $61,750 per Bitcoin. The company also reported a total Bitcoin yield of 5.1% quarter-to-date and 17.8% year-to-date.