Question 1

What is PANG?

Accepted Answer

PANG — Leverage Shares 2X Long PANW Daily ETF — is a Canadian-listed ETF trading on the NASDAQ. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of PANW, consistent with the fund"s investment objective. The fund is non-diversified.

Question 2

What is the PANG ETF price today?

Accepted Answer

PANG last traded at $33.90 CAD on the NASDAQ. See the price chart above for recent performance.

Question 3

What is the PANG MER (management expense ratio)?

Accepted Answer

PANG has a management expense ratio (MER) of 76.94% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are PANG annualised returns?

Accepted Answer

PANG historical returns: YTD: +52.97%, 1-year: +124.28%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.00, which measures risk-adjusted return.

Question 5

Does PANG pay dividends or distributions?

Accepted Answer

Yes, PANG distributes income to unitholders. The current distribution yield is approximately 3.45%. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does PANG invest in?

Accepted Answer

PANG's top holdings include First American Funds Inc. - Treasury Obligations Fund (FXFXX, 8.1%). See the full Top 10 Holdings table above for a complete breakdown.

Question 7

What sectors does PANG invest in?

Accepted Answer

PANG's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is PANG? (Assets under management)

Accepted Answer

PANG has approximately $10M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was PANG launched?

Accepted Answer

PANG was launched on March 20, 2025, giving it a 1-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy PANG in Canada?

Accepted Answer

PANG trades on the NASDAQ under the ticker PANG. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is PANG?

Accepted Answer

PANG has a 1-year volatility of 153.05% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.00 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-29	$31.65	$35.52	$31.59	$33.90	$33.90	53,900
2026-10-28	$38.29	$38.50	$36.50	$36.50	$36.50	56,500
2026-10-27	$37.38	$38.41	$35.70	$37.97	$37.97	28,200
2026-10-26	$34.90	$36.50	$34.44	$35.92	$35.92	37,000
2026-10-23	$30.26	$34.23	$29.75	$34.18	$34.18	43,900
2026-10-22	$29.78	$31.56	$29.41	$29.91	$29.91	38,800
2026-10-21	$28.02	$29.61	$27.90	$28.64	$28.64	22,400
2026-10-20	$28.00	$28.34	$27.00	$27.53	$27.53	8,100
2026-10-19	$29.79	$29.79	$28.31	$28.68	$28.68	35,000
2026-10-16	$33.20	$33.20	$27.41	$27.75	$27.75	46,300

Sector	Weight
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

Leverage Shares 2X Long PANW Daily ETF (PANG : NASDAQ)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Leverage Shares 2X Long PANW Daily ETF

ETF Details

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Frequently Asked Questions — PANG