Corgi ETF Trust I - Corgi BRKB 2x Daily ETF (BRKL)
Corgi ETF Trust I - Corgi BRKB 2x Daily ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $24.19, up 0.00% on the session, giving a market capitalisation of $349,788. On trailing twelve-month figures it carries a trailing P/E of 52.59, a net margin of 12.9%. Its beta of 0.00 implies it has historically moved less than the broad market.
BRKL seeks to deliver 200% of the daily performance of Berkshire Hathaway Inc. (NYSE: BRKB), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. BRKB is a holding company, which engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. . The portfolio is rebalanced at the end of each trading day to maintain its targeted leverage level, meaning returns over periods longer than a single day can differ significantly from two times the cumulative return of BRKB due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.