Corgi CRUS 2x Daily ETF (CRUC)

The Corgi CRUS 2x Daily ETF seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of the common stock of Cirrus Logic, Inc. (CRUS). The target applies to a single trading day, so returns over longer periods can differ substantially from the multiple of the stock's return because of daily compounding.

Cirrus Logic, based in Austin, Texas, is a fabless semiconductor company that designs low-power audio and high-performance mixed-signal chips used largely in smartphones and other consumer electronics. The fund gets its exposure mainly through swap agreements and may also use options or hold shares of the stock, keeping its remaining assets in cash and short-term instruments.

The fund is sponsored by Corgi ETFs. Because it resets its exposure every day, it is built as a short-term trading tool rather than a buy-and-hold investment.