Corgi TER 2x Daily ETF (TERC)

The Corgi TER 2x Daily ETF (TERC) is a leveraged single-stock exchange-traded fund from Corgi that seeks daily investment results equal to twice the daily percentage change in the share price of Teradyne, Inc. (NASDAQ: TER).

Teradyne, based in North Reading, Massachusetts, makes automated test equipment used to test semiconductors and electronics, and also develops collaborative and industrial robots. The fund obtains its leveraged exposure mainly through swap agreements and other derivatives referencing Teradyne stock.

Because the leverage is reset each day, returns over longer periods can deviate substantially from twice the stock's performance. The fund is intended for short-term trading rather than buy-and-hold investing.