Corgi MPWR 2x Daily ETF
MPWC
Chicago Board Options Exchange- -
USD
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- -
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 425 Bush St, Suite 500 San Francisco CA United States of America 94104
- IPO Date
- Jul 7, 2026
- Similar Companies
- Business
- Corgi MPWR 2x Daily ETF is a U.S.-domiciled, non-diversified exchange-traded fund that seeks, before fees and expenses, to provide investment results corresponding to two times the daily performance of the common stock of Monolithic Power Systems, Inc. (NASDAQ: MPWR). The Fund offers single-stock leveraged exposure through a conventional ETF structure for use by sophisticated investors and active traders; it is designed for daily trading and rebalances each trading day, meaning returns for periods longer than one day may differ materially from twice the cumulative return of MPWR because of daily compounding and volatility. The Fund obtains substantially all of its targeted exposure through total return swaps and other financial instruments rather than direct ownership of MPWR shares; it also holds cash, cash equivalents and U.S. Treasury money-market instruments for collateral and liquidity management. MPWR is a semiconductor company focused on power-management integrated circuits and related solutions serving data-center, automotive, industrial, communications and consumer-electronics applications. Corgi MPWR 2x Daily ETF is advised by Corgi Strategies, LLC; distributed by Paralel Distributors LLC; custodied by U.S. Bank N.A.; and administered and transferred by U.S. Bancorp Fund Services. The Fund trades on Cboe BZX Exchange under ticker MPWC, carries a 0.45% expense ratio, is denominated in U.S. dollars and does not seek to provide leveraged performance over periods exceeding one trading day. The Fund was launched on July 7, 2026, representing Corgi’s expansion of its single-stock leveraged ETF product lineup and providing brokerage-account access to 2x daily MPWR exposure without requiring investors to use margin borrowing or maintain a margin agreement. Recent operational disclosures identify a swap-based portfolio structure, with total return swap exposure intended to approximate 200% of the daily movement in MPWR, alongside Treasury money-market holdings and cash positions; as of September 8, 2026, the Fund reported approximately $383,000 in assets under management. Corgi MPWR 2x Daily ETF is intended for investors able to monitor positions actively and is not designed as a long-term, buy-and-hold substitute for unlevered ownership of Monolithic Power Systems shares.