Corgi NOW 2x Daily ETF (NOWX) Price & Chart

Corgi NOW 2x Daily ETF

Corgi NOW 2x Daily ETF (NOWX) is a sector-focused, single-stock leveraged exchange-traded fund that seeks to deliver twice (2x) the daily price movement of ServiceNow, Inc. (NYSE: NOW), net of fees and expenses. Categorized in the Information Technology sector with a niche emphasis on Systems Software, NOWX provides concentrated exposure to ServiceNow — a leading cloud-based provider of enterprise workflow and IT service management software — by using derivatives such as total return swaps and other instruments to synthetically achieve its objective. Designed for traders and tactical investors who want magnified short-term exposure to ServiceNow’s equity performance, NOWX targets 2x the daily return of the underlying share price before management fees and operating costs. Because the fund resets its leverage daily, returns over periods longer than a single trading day can diverge materially from two times the cumulative return of NOW due to compounding, volatility drag, and the cost of financing derivatives. Investors should be aware that the fund’s concentrated, leveraged structure creates the potential for amplified gains as well as amplified losses, increased volatility, counterparty risk from swap agreements, and higher trading sensitivity during market stress. NOWX is intended for active, informed market participants seeking short-term tactical exposure to ServiceNow rather than buy-and-hold investors.