Corgi RIVN 2x Daily ETF (RIVC)

The Corgi RIVN 2x Daily ETF (RIVC) is an exchange-traded fund from Corgi ETFs that seeks daily investment results equal to two times (2x) the daily percentage change in the share price of Rivian Automotive, Inc. (RIVN). It is a single-stock leveraged product rather than a diversified portfolio.

Rivian designs and manufactures electric vehicles, including the R1T pickup truck, the R1S sport utility vehicle and electric delivery vans, and is headquartered in Irvine, California. The fund typically obtains its exposure through swap agreements and other derivatives rather than simply holding the shares, and it rebalances its exposure every trading day.

Because the leverage target resets daily, the fund's returns over periods longer than one day can differ substantially from the stated multiple of the stock's return for the same period, particularly when the share price is volatile.