Corgi KEYS 2x Daily ETF (KEYX)

The Corgi KEYS 2x Daily ETF (KEYX) is a leveraged single-stock fund in the Corgi ETF lineup. It seeks to return twice the daily performance of the common stock of Keysight Technologies, a provider of electronic test, measurement and design tools for the communications, semiconductor, aerospace, defense and automotive markets.

The fund uses swaps and other derivatives to achieve its leverage and resets that leverage daily. Because of this, it targets daily returns only, and performance over periods longer than a day can differ meaningfully from twice Keysight's cumulative return.

The fund is designed as a short-term trading vehicle for magnified exposure to one company rather than a diversified holding.