Corgi AMZN 2x Daily ETF (AMAA)

The Corgi AMZN 2x Daily ETF (AMAA) is a leveraged single-stock exchange-traded fund from Corgi ETFs. It seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Amazon.com, the Seattle-based e-commerce, cloud computing and digital media company.

The fund obtains its leveraged exposure primarily through derivatives such as swap agreements and options. Because the 2x objective resets each trading day, the fund targets daily returns only, and over periods longer than one day its returns can differ significantly from twice the return of Amazon stock, particularly when the stock is volatile.

The fund is designed for short-term trading. Its shares are listed on Cboe BZX.