Corgi ARM 2x Daily ETF (ARMA)

The Corgi ARM 2x Daily ETF (ARMA) 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 price of Arm Holdings plc American depositary shares.

Arm Holdings, based in Cambridge, United Kingdom, designs processor architectures and CPU cores that it licenses to chipmakers, earning license fees and royalties. Arm-based designs power most smartphones and are widely used in data center, automotive and embedded devices. The fund uses swaps and similar derivatives to gain exposure.

The 2x target applies to each trading day, and because leverage resets daily, returns over longer periods may differ from twice Arm's cumulative performance.