Corgi LRN 2x Daily ETF (LRNX)

Corgi LRN 2x Daily ETF is a leveraged single-stock fund from Corgi ETFs. It seeks to deliver twice the daily performance of Stride, Inc. (LRN), the Reston, Virginia-based education company that provides online and blended K-12 schooling programs, curriculum and career-learning services.

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 substantially from twice Stride's return over the same span.