ASTG +2x Leverage Shares 2X Long ASTS Daily ETF
ASTG
ETF +2x BULL standardLeverage Shares 2X Long ASTS Daily ETF
Implied AUM
$408000
Last Close
$20.40
20260701
30d Avg Vol
5,783
Options
—
Realized return vs theoretical +2x ASTS
Pair counterpart found:
ASTN
(-2x bear, Defiance Daily Target 2X Short ASTS ETF)
Shorting both legs of a daily-reset bull/bear pair captures combined decay drift over time. Theoretical "free money" — actual edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow products.
Other leveraged products tracking ASTS
| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d Vol | Options |
|---|---|---|---|---|---|---|---|
| ASUP | +2x | BULL | T-Rex | T-REX 2X Long ASTS Daily Target ETF | $1.7M | 24,900 | |
| ASTX | +2x | BULL | Tradr | Tradr 2X Long ASTS Daily ETF | — | 7,813,063 | |
| ASTY | +2x | BULL | Defiance | Defiance Daily Target 2X Long ASTS ETF | — | 224,340 | |
| ASTN | -2x | BEAR | Defiance | Defiance Daily Target 2X Short ASTS ETF | — | 8,305,764 |
How ASTG works
ASTG targets +2x the daily return of ASTS — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.
Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.
- Short-term tactical: daily and intraday holds are where these products were designed to live.
- Premium selling: options on ASTG carry very rich IV — see the quote page for IV rank and straddle pricing.
- Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.