Short Sellers Suddenly Remember Leverage Works Both Ways, Flee 2X MP ETF in Panic
- Who
- Short sellers targeting Leverage Shares 2X Long MP Daily ETF (NASDAQ:MPG)
- What
- Short interest plummeted 48.6% in the second half of August, from 29,705 shares to 15,265 shares
- When
- August 15–31, 2026 (reported September 17, 2026)
- Where
- NASDAQ
Short interest in the Leverage Shares 2X Long MP Daily ETF fell by nearly half between mid-August and month-end, according to exchange data. The count dropped from 29,705 shares on August 15 to 15,265 shares by August 31, a decline of 48.6%. The fund provides twice the daily return of MP Materials, the rare-earth miner. Average daily trading volume during the period was approximately 18,000 shares.
Our analysts note that shorting a 2x leveraged ETF is the financial equivalent of wrestling a bear while covered in honey — technically a strategy, but one that assumes the bear has read your risk model.
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