AAPX

T-Rex 2X Long Apple Daily Target ETF

$31.55

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The T-Rex 2X Long Apple Daily Target ETF (AAPX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Apple Inc. (AAPL).

Overview

ETF tracking T-Rex 2X Long Apple Daily Target ETF

Category Leveraged

Issuer Other

Inception Date 2024-01-11

Market Cap $23.0M

Average Volume N/A

Dividend Yield 21.95%

52-Week Range $14.35 - $40.43

VWAP $31.65

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The T-Rex 2X Long Apple Daily Target ETF (AAPX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Apple Inc. (AAPL).

🎯 Investment Strategy

The fund uses a range of derivative instruments, such as futures contracts and swap agreements, to gain leveraged exposure to the daily price movements of AAPL. The fund rebalances its positions daily to maintain the 2x leverage target.

✨ Key Features

Provides 2x daily leveraged exposure to Apple Inc. stock
Rebalances positions daily to maintain target leverage
Designed for short-term, active trading rather than long-term buy-and-hold
Has no assets under management and has not yet generated any performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the 2x daily target due to compounding effects
Lack of performance history makes it difficult to evaluate
Low trading volume and assets under management may impact liquidity

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who understand the risks of leveraged products and are looking for short-term, speculative exposure to the daily price movements of Apple Inc. stock. It is not recommended for long-term, buy-and-hold investors.