Leverage Shares 2x Visa ETP is an Exchange-Traded Product (ETP) fully backed by physical assets. The ETP tracks NYSE Leveraged 2x V Index, providing two times the daily performance of Visa Inc.s common stock, V, adjusted to reflect the fees and costs inherent to maintain a leveraged position in the stock. For example, if Visa rises by 1% over a day, then the ETP will rise by 2%, excluding fees. However if the Visa falls by 1% over a day, then the ETP will fall by 2%, excluding fees.