Corgi LASR 2x Daily ETF(CBOE:LASC)

LASC seeks to deliver 200% of the daily performance of nLIGHT, Inc. (NASDAQ: LASR), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. nLIGHT, Inc. engages in the provision of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through the Laser Products and Advanced Development segments. 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 LASR due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.