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How SSPC Works: The Mechanics of the Leverage Shares 2X Short SPCX Daily ETF

Oct 09, 2026 | Team Kalkine

Read Time :10 Mins

How SSPC Works: The Mechanics of the Leverage Shares 2X Short SPCX Daily ETF — Image source: Shutterstock

The Leverage Shares 2X Short SPCX Daily ETF (Cboe: SSPC) is designed to deliver approximately two times the inverse (-200%) of the daily performance of Space Exploration Technologies Corp. (NASDAQ: SPCX), before fees and expenses. The fund is built for sophisticated, active traders who want leveraged bearish exposure to SPCX without shorting the stock directly. SSPC began trading on June 15, 2026, and resets its exposure daily.

Space Exploration Technologies Corp. (NASDAQ: SPCX), commonly known as SpaceX, is a space and satellite-communications company. Its share price can be influenced by launch activity, satellite and connectivity growth, government and commercial contracts, capital spending, competition, earnings results and broader sentiment toward growth and technology stocks.

SSPC gets its inverse exposure through swap agreements rather than requiring investors to short SPCX shares. If SPCX falls 5% in a session, SSPC is designed to gain approximately 10%, before fees, expenses, financing costs and tracking differences. If SPCX rises 5% in a session, SSPC is designed to fall approximately 10%.

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Mid-Cap