Corgi BE 2x Daily ETF (BEC)

The Corgi BE 2x Daily ETF (BEC) is a leveraged single-stock exchange-traded fund listed on Cboe BZX. Its underlying stock, identified by the ticker BE, is Bloom Energy Corporation, the San Jose, California-based company that makes solid oxide fuel cell systems for on-site power generation, along with electrolyzers for hydrogen production.

The fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Bloom Energy's share price. Leveraged single-stock funds of this kind generally obtain their exposure through swap agreements and similar instruments and reset their leverage at the end of each trading day.

Because the objective is measured over a single day, returns over longer periods can differ meaningfully from twice the performance of Bloom Energy stock due to compounding, particularly when the stock is volatile.