---
ticker: "PANG"
name: "Leverage Shares 2x Long PANW Daily ETF"
url: "https://etf.net/etf/PANG"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "7 of 380"
methodology: "https://etf.net/methodology"
---

# PANG: Leverage Shares 2x Long PANW Daily ETF

Grade **B**, Score 69 of 100. Rank 7 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 87 of 380 |
| Mission | 93 | 60 of 148 |
| Risk | 71 | 72 of 363 |
| Tradability | 75 | 63 of 380 |
| Holdings | Not scored | — |
| Durability | 58 | 139 of 380 |

## Top holdings

The fund holds 4 positions. These are the largest 4, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Palo Alto Networks Inc Swap - L - Clearstreet | 143.76% |
| 2 | — | Palo Alto Networks Inc Swap - L - Cantor | 43.08% |
| 3 | — | Palo Alto Networks Inc Swap - L - Marex | 13.12% |
| 4 | — | First American Treasury Obligations Fund 01/01/2040 | 8.43% |

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