Corgi UMC 2x Daily ETF (UMCX)

The Corgi UMC 2x Daily ETF is a leveraged single-stock fund from Corgi ETFs. It seeks daily investment results equal to two times the daily performance of the American depositary shares of United Microelectronics Corporation (UMC), the Taiwan-based contract semiconductor manufacturer.

The fund obtains its exposure mainly through swap agreements and other derivatives. The 2x target is measured over a single day, and because the fund resets its exposure daily, returns over longer periods can differ substantially from twice the return of UMC shares.

The fund is designed for short-term traders seeking magnified bullish exposure to one company.