Corgi AAPL 2x Daily ETF (IOSX)

The Corgi AAPL 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 Apple Inc., the Cupertino, California-based maker of the iPhone, Mac and related services.

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