Corgi SK hynix 2x Daily ETF (SK)

The Corgi SK hynix 2x Daily ETF is a leveraged single-stock exchange-traded fund that seeks daily investment results equal to twice the daily percentage change of SK hynix Inc. SK hynix, headquartered in Icheon, South Korea, is a major manufacturer of memory semiconductors, including DRAM, NAND flash and the high-bandwidth memory used in artificial intelligence accelerators.

Because SK hynix's shares trade primarily outside the United States, the fund typically gains its leveraged exposure through swaps or other derivatives referencing the company's shares. The fund resets its leverage each day and therefore targets twice the stock's return for a single day only; over longer periods, compounding can cause its results to differ significantly from twice the stock's cumulative performance.