Corgi APP 2x Daily ETF (APPC)

The Corgi APP 2x Daily ETF (APPC) is a leveraged single-stock fund in the Corgi ETF lineup. It seeks, before fees and expenses, two times (200%) the daily percentage change in the share price of AppLovin Corporation.

AppLovin, based in Palo Alto, California, provides advertising and marketing software that helps mobile app and game developers, and increasingly other businesses, acquire users and monetize their audiences through its AI-driven ad platform. The fund uses swap agreements and other derivatives to obtain leveraged exposure.

The 2x multiple applies to daily returns only, and because leverage resets daily, longer-term performance can deviate significantly from twice AppLovin's return.