DKUP
T-REX 2X Long DKNG Daily Target ETF
📎 Investment Objective
The DKUP - T-REX 2X Long DKNG Daily Target ETF seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of DraftKings Inc.
Overview
ETF tracking T-REX 2X Long DKNG Daily Target ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The DKUP - T-REX 2X Long DKNG Daily Target ETF seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of DraftKings Inc.
🎯 Investment Strategy
The ETF uses a combination of financial instruments, such as futures contracts and swaps, to obtain the desired 2x leveraged exposure to the DraftKings stock. It rebalances its holdings daily to maintain the target leverage ratio.
✨ Key Features
- Provides 2x daily leveraged exposure to DraftKings stock performance
- Rebalances daily to maintain the target leverage ratio
- Designed for short-term, speculative trading rather than long-term investment
- Has a very small asset base of $0 as of the latest reporting period
⚠️ Primary Risks
- Significant risk of loss due to the leveraged nature of the fund
- Potential for large daily fluctuations in the fund's net asset value
- Tracking error risk, as the fund may not perfectly match the 2x daily performance of the underlying stock
- Liquidity risk due to the small asset base and trading volume
👤 Best For
This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to the performance of DraftKings stock and understand the risks associated with leveraged investment products. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.
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