Corgi MU 2x Daily ETF (MIC)

The Corgi MU 2x Daily ETF is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Micron Technology, the Boise, Idaho-based maker of DRAM and NAND memory chips.

The fund uses swap agreements and other derivatives to obtain its leveraged exposure and rebalances daily. It is designed to deliver the 2x multiple only over a single trading day; over longer periods, compounding can cause results to diverge significantly from twice Micron's cumulative return.