I was looking into buying FB shares and discovered something called 'LEVERAGE SHARES PUBLIC LIMITED COMPANY LEVERAGE SHARES 2X FACEBOOK ETP (FB2)' . What is this and how does it relate to the usual FB symbol?
It appears to be an ETF that owns FB stock using 2X leverage (borrowing 50% of the capital to buy the shares). So you should expect to get twice the return (and loss) of "regular" facebook shares.
The Leverage Shares 2x Facebook ETP is designed to provide 2x leveraged exposure to Facebook, Inc (FB), rebalancing on a daily basis.
Leverage Shares ETPs are only intended for experienced traders who understand the associated risks and are able to monitor their positions on an intraday basis. Please consult an investment adviser to determine whether or not the products are suitable for you. Traders should also review the Base Prospectus and the Leverage Shares educational materials carefully before considering the ETPs.