Why Leverage Shares 2X Long CRM Daily ETF (CRMG) Is Up +27% in the Last 30 Days
Key Takeaways
- CRMG is a single-stock leveraged exchange-traded fund (ETF) that seeks to return twice (2x) the daily performance of CRM (Salesforce, Inc.).
- The fund climbed roughly 27% over the trailing 30 days, driven primarily by a sharp post-earnings rally in its sole underlying holding, Salesforce.
- Salesforce's fiscal second-quarter results, released in late August, crushed expectations and triggered a single-day jump in CRM of more than 20%, amplified to roughly 40% for CRMG.
- Over the trailing quarter, CRMG has more than doubled, recovering strongly after a mid-year drawdown.
- Because CRMG resets its 2x exposure daily, its multi-day returns can diverge materially from twice the underlying stock's return over longer periods.
Leverage Shares 2X Long CRM Daily ETF (CRMG) Overview and Portfolio Exposure
The Leverage Shares 2X Long CRM Daily ETF (CRMG) is a single-stock leveraged ETF that seeks to deliver twice the daily price return of Salesforce, Inc., the enterprise cloud software and customer relationship management (CRM) provider. Rather than holding a diversified basket of equities, the fund uses derivatives—principally total-return swaps on Salesforce shares, plus cash and short-term instruments—to achieve its 2x daily objective. Its holdings list is therefore concentrated almost entirely in Salesforce swap contracts and U.S. dollar cash equivalents.
The fund carries a total expense ratio of 0.75% and trades on the Nasdaq. Its structure is actively managed and highly concentrated, meaning its entire performance profile is tied to a single security. This is the defining feature of CRMG's recent behavior: there is no sector diversification, no defensive offset, and no other holding to cushion or dilute the movement of Salesforce stock. When CRM rises, CRMG is engineered to rise roughly twice as much on a single-day basis; the inverse is equally true on down days.
CRMG Price Performance: Last 30 Days vs. Quarter
CRMG advanced approximately 27% over the trailing 30 days. The move was not gradual—it was concentrated in a single event. In late August, the fund's price gapped sharply higher in a single session, leaping from roughly $6.70 to about $9.70 as Salesforce surged after reporting earnings. The fund subsequently traded in a choppy range near the $8–10 level, giving back part of its initial spike before stabilizing.
The quarterly picture is even stronger. Three months ago, CRMG was trading near the $3.90 level after a significant mid-year drawdown. From that trough, the fund has more than doubled, a move of roughly 100% or more over the trailing quarter. This recovery illustrates both the fund's sensitivity to Salesforce and the effect of daily compounding in a leveraged product: a sustained rally in the underlying stock, punctuated by a large single-day gain, produced outsized multi-month returns.
What Drove CRMG Price in the Last 30 Days
The primary catalyst was Salesforce's fiscal second-quarter earnings report, released after market close on August 26, 2026. The company posted revenue of $11.35 billion, up roughly 11% year over year, and adjusted earnings per share of $5.90, far above the consensus estimate of about $3.27. Net income rose 87% to $3.53 billion, aided by a $2.6 billion gain tied to Salesforce's stake in artificial intelligence (AI) company Anthropic. Free cash flow climbed 81% to roughly $1.1 billion.
Investors reacted strongly to evidence that Salesforce is monetizing AI. Annual recurring revenue from its Agentforce AI platform surpassed $1.5 billion, up roughly 240% year over year, while the company raised its full-year revenue and earnings guidance. CRM shares spiked more than 20% the following day—their largest single-day gain since 2020. For CRMG, the 2x daily objective translated that into a roughly 40% one-day surge.
The move also reflected a broader rotation in investor sentiment around enterprise software and AI. Salesforce's results helped ease fears that generative AI would disrupt traditional software business models, lifting confidence across the application-software sector.
What Drove CRMG Performance Over the Last Quarter
The trailing quarter tells a two-part story. During June, CRM and CRMG both sold off as investors questioned whether AI would erode the value of established software franchises and as Salesforce traded below its prior highs. CRMG fell to a multi-month low in that period, reflecting the leveraged amplification of the underlying decline.
The sharp reversal began in July and accelerated into late August. As the software sector regained footing and AI infrastructure enthusiasm broadened into application software, Salesforce's shares recovered. The late-August earnings beat-and-raise then completed the reversal, driving CRMG's value sharply higher. Institutional flows into AI and software-related themes, combined with improving free cash flow and a raised profit outlook at Salesforce, underpinned the three-month advance.
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CRMG ETF Outlook: What Investors Should Watch Next
CRMG's forward path is almost entirely a function of Salesforce's stock, making company-specific and software-sector developments the central variables to monitor. Key factors include continued growth in Agentforce and other AI offerings, the pace of free cash flow expansion, and Salesforce's integration of recent acquisitions. Broader enterprise-software demand, cloud spending trends, and competition from major platform providers will also shape the underlying stock.
On the macroeconomic side, interest-rate expectations and inflation trends remain relevant, as long-duration growth stocks are sensitive to shifts in the discount rate. Investors should also weigh the structural risks inherent to leveraged single-stock ETFs: daily rebalancing and compounding can cause long-term returns to deviate from twice the underlying asset's return, particularly during volatile or range-bound markets. Monitoring Salesforce's quarterly results, guidance updates, and AI monetization metrics—along with position sizing and holding-period considerations—will be essential for anyone evaluating CRMG.
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CRMG's RSI Oscillator leaves overbought zone
The 10-day RSI Indicator for CRMG moved out of overbought territory on September 08, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 5 instances where the indicator moved out of the overbought zone. In 5 of the 5 cases the stock moved lower in the days that followed. This puts the odds of a move down at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CRMG as a result. In 20 of 21 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for CRMG turned negative on September 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 10 similar instances when the indicator turned negative. In 10 of the 10 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRMG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
CRMG broke above its upper Bollinger Band on August 27, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 15 of 17 cases where CRMG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 88%.
Following a +9.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRMG advanced for three days, in 72 of 84 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. In 27 of 28 cases where CRMG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.