Corgi ETF Trust I - Corgi CRCL 2x Daily ETF (CIR)
Corgi ETF Trust I - Corgi CRCL 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 $32.10, down 6.44% on the session, giving a market capitalisation of $573,053. On trailing twelve-month figures it carries a trailing P/E of 33.79, a net margin of 2.5%. Its beta of 0.00 implies it has historically moved less than the broad market.
CIR seeks to deliver 200% of the daily performance of Circle Internet Group, Inc. (NYSE: CRCL), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. CRCL is a financial technology company that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. 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 CRCL due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.