Corgi LRCX 2x Daily ETF (LRCC)

Corgi LRCX 2x Daily ETF is a leveraged single-stock fund from Corgi ETFs. It seeks to deliver twice the daily performance of Lam Research Corporation (LRCX), the Fremont, California-based maker of wafer fabrication equipment used by chipmakers for etching, deposition and cleaning steps in semiconductor manufacturing.

Funds of this type generally use swap agreements or options, backed by cash collateral, to obtain leveraged exposure, and reset that exposure daily. Because the 2x target applies to a single day, results over longer periods compound and can differ significantly from twice Lam Research's return over the same span.