Corgi IREN 2x Daily ETF (IREC) Price & Chart

Corgi IREN 2x Daily ETF

Corgi IREN 2x Daily ETF (IREC) is a sector-focused, single-stock leveraged ETF that seeks to deliver twice the daily return of IREN Ltd. (NASDAQ: IREN), an application software company within the Information Technology sector. The fund uses derivatives—primarily total return swaps and other over‑the‑counter instruments—along with cash and short-term securities to obtain 2x exposure to the day‑to‑day price movements of IREN shares, before fees and expenses. As an Application Software niche vehicle, IREC is highly concentrated and designed for traders and tactical investors who want amplified, short‑term exposure to IREN rather than diversified industry exposure. For example, if IREN rises 1% on a given trading day, IREC seeks to rise about 2% that day (and conversely for declines), subject to tracking error, fees and market conditions. Investors should be aware of the mechanics and risks unique to daily leveraged ETFs: returns are path‑dependent and can diverge significantly from 2x the cumulative return of the underlying over longer holding periods, especially in volatile markets. The fund carries elevated risk due to leverage, single‑stock concentration and counterparty exposure from derivatives. IREC is most appropriate for experienced, active investors who monitor positions daily and understand the potential for amplified gains and losses.