Corgi APP 2x Daily ETF is a U.S.-domiciled, actively managed single-stock leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the publicly traded common stock of AppLovin Corporation (NASDAQ: APP). The Fund is sponsored within the Corgi ETF Trust I platform and is advised by Corgi Strategies, LLC, an investment adviser established in July 2025 to provide discretionary investment-management services to ETFs. APPC is listed on Cboe BZX Exchange and commenced trading on June 26, 2026.
The Fund provides leveraged, daily-reset exposure to AppLovin, a U.S.-based technology company serving the mobile-application software and digital-advertising markets. APPC primarily obtains its exposure synthetically through total return swaps and may use other financial instruments, including equity-linked derivatives; it does not seek to provide a multiple of AppLovin’s performance over periods longer than one trading day. The portfolio also holds cash, cash equivalents, U.S. Treasury bills and money-market instruments as collateral and for liquidity management. The Fund is designed for investors seeking tactical, short-term leveraged exposure to daily changes in AppLovin’s share price, rather than long-term investment exposure.
APPC’s principal product is a 2x daily leveraged investment strategy referencing a single issuer, AppLovin. Its service offering comprises intraday exchange-traded access to leveraged APP exposure; swap-based portfolio implementation; daily leverage rebalancing; collateral and cash-management investments; and creation and redemption of ETF shares through authorized participants. The Fund charges a 0.45% expense ratio. As of September 8, 2026, it reported approximately $263,000 in assets under management and disclosed exposure principally through an AppLovin total return swap, alongside U.S. Treasury money-market holdings and cash-related positions.
The Fund represents a recent expansion of Corgi’s leveraged ETF product lineup. Corgi Invest began operating its ETF platform in December 2025 and subsequently rolled out a substantial range of U.S.-listed ETFs, including leveraged daily and defined-outcome strategies. APPC’s June 2026 launch introduced dedicated 2x daily exposure to AppLovin and formed part of Corgi’s broader buildout of single-stock leveraged ETF offerings.