---
ticker: "MCHG"
name: "Themes ETF Trust - Leverage Shares 2X Long MCHP Daily ETF"
url: "https://etf.net/etf/MCHG"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "131 of 380"
methodology: "https://etf.net/methodology"
---

# MCHG: Themes ETF Trust - Leverage Shares 2X Long MCHP Daily ETF

Grade **C**, Score 40 of 100. Rank 131 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 51 | 168 of 380 |
| Mission | Not scored | — |
| Risk | 50 | 164 of 363 |
| Tradability | 41 | 239 of 380 |
| Holdings | Not scored | — |
| Durability | 28 | 286 of 380 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Microchip Technology Incorporated-Swap-Mrex-L | 148.12% |
| 2 | — | Microchip Technology Incorporated-Swap-Clst-L | 51.85% |
| 3 | — | First American Treasury Obligations Fund 01/01/2040 | 15.98% |

Source: etf.net, https://etf.net/etf/MCHG. Please cite the page URL.