Corgi IONQ 2x Daily ETF (IONC)

The Corgi IONQ 2x Daily ETF is a single-stock leveraged fund from Corgi ETFs. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of IonQ, Inc., a quantum computing company that builds trapped-ion quantum computers.

The fund typically uses swap agreements and other derivatives to obtain its leveraged exposure to IonQ stock. Its leverage resets daily, so its objective applies only to single-day returns. Over longer periods, compounding can cause the fund's performance to differ significantly from twice IonQ's return, especially given the stock's volatility. The fund is intended for short-term trading.