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PANG ETF — Leverage Shares 2X Long PANW Daily ETF
Leverage Shares 2X Long PANW Daily ETF (PANG)
Updated October 16, 2026.
Verdict as of October 16, 2026
PANG's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). The latest recorded payment is $1.30 (ex-date December 30, 2025).
Sources: Leverage Shares, Section 19a-1 notices, scoring methodology.
PANG is an ETF linked to Palo Alto Networks (PANW). its trailing-12-month yield is 4.67%, its expense ratio is 0.76%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 110.2% over the past 1.6 years, 22.6 points ahead of PANW at 87.6%.
This ETF seeks to deliver twice the daily price movement of Palo Alto Networks stock through leveraged financial instruments, making it a tool for traders seeking amplified short-term exposure rather than buy-and-hold investors. The fund carries a modest expense ratio and distributes annually, though its most recent distribution was special and may not recur on a regular basis. This security is designed for experienced traders comfortable with the magnified volatility and daily rebalancing costs inherent in leveraged equity strategies, not for income investors or those with longer time horizons.
PANG dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (4.67%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $1.297. The ex-dividend date is 12/30/2025. The payment date is 01/02/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-30 | $1.297 | — |
| 2025 total (partial launch year) | $1.297 | — |
PANG holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: PANW (physical holdings below may be collateral and options, not the reference asset itself).
PANG performance versus PANW
Price and return data through 2026-10-16.
Total return is 110.2% over the past 1.6 years, 22.6 points ahead of PANW at 87.6%. Over the past year its total return — price change plus distributions reinvested — is 93.6%. Its deepest 1-year drawdown was 62.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -20.2% | — |
| 3M | -17.4% | — |
| 6M | 235.6% | — |
| YTD | 150.6% | — |
| 1Y | 93.6% | — |
| Since inception (1.6 years) | 110.2% | 60.50% |
PANG key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Leverage Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/20/2025
- Expense ratio
- 0.76%
- Distribution frequency
- Annual
- Trailing yield
- 4.67%
- Last close
- $27.75 (as of 2026-10-16)
- AUM
- $11,478,517
- Average volume
- 46259.0
- Dividend
- $1.297
- Ex-dividend date
- 12/30/2025
- Payment date
- 01/02/2026
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.67%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Leverage Shares; Index: Palo Alto Networks (PANW); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PANG risks and drawbacks
Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 62.4%.
Who may consider PANG — and who may not
It is a weaker fit for investors who need monthly cash flow (PANG pays annual). This is educational context, not a recommendation to buy or sell.
More on PANG
Frequently asked questions
Does PANG pay monthly?
No. PANG currently pays annual, not monthly.
What is PANG linked to?
PANG is linked to Palo Alto Networks (PANW), not a broad market index.
What is PANG's expense ratio?
PANG's expense ratio is 0.76%.
When does PANG pay a dividend?
PANG pays annual. The dividend amount is $1.297. The ex-dividend date is 12/30/2025. The payment date is 01/02/2026.
How has PANG performed?
Total return is 110.2% over the past 1.6 years, 22.6 points ahead of PANW at 87.6%. Over the past year its total return — price change plus distributions reinvested — is 93.6%. Its deepest 1-year drawdown was 62.4%.
Is PANG a good investment?
PANG's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Compare peers below rather than treating any single figure as a buy or sell.
More securities from Leverage Shares.
Tickers
Holdings as-of date unavailable.
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