Tradr 2X Long CORZ Daily ETF (COZX) Stock Price, Quote, News & History | Benzinga

The Fund achieve its objective the Fund will maintain at least 80 percent exposure to financial instruments that provide two times leveraged exposure to the daily performance of CORZ. This may include CORZ stock in addition to financial instruments discussed below. The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve on a daily basis, before fees and expenses, 200 percent performance of CORZ for a single day, not for any other period, by entering into one or more swaps and/or purchasing listed options on CORZ and/or investing directly in the common stock of CORZ. A single day is measured from the time the Fund calculates its net asset value (NAV) to the time of the Funds next NAV calculation. However, the use of option contracts or direct investments in common stock of CORZ is typically less efficient than swaps and may increase the likelihood that the Fund is unable to achieve its daily 2X objective. The Fund will enter into one or more swaps with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on CORZ. The gross return to be exchanged or swapped between the parties is calculated with respect to a notional amount, e.g., the return on or change in value of a particular dollar amount representing CORZ.